Optimist
  • News
  • Sports
  • Opinion
    • Columns
    • Editorials
    • Letters to the Editor
  • Features
    • Book Review
  • Multimedia
    • Photo Galleries
    • Videos
  • Police Log
  • Print Edition
  • Projects
  • Classifieds
  • About
    • Advertise
    • Policies
    • Staff Contacts
    • Jobs
You are here: Home / News / Moody’s grants A3 rating to university bond offering
(Photo by Holly Dorn)

Moody’s grants A3 rating to university bond offering

December 8, 2017 by Evan Rodriguez

Moody’s investor service has granted an A3 rating to the university’s planned $12,415,000 bond offering.

The rating is a product of the university’s substantial financial reserves compared to similar faith-based institutions and the university’s “very good asset liquidity,” according to the rating service.

An A3 rating translates to the offering being a low-credit risk.

According to the report issued by Moody’s on Nov. 30, the bond offering has been earmarked for “additional improvements to the science center and Wildcat Stadium, among others; and to pay costs of issuance.”

Moody’s noted however that ACU might face a lower rating on future bond offerings if it does not achieve viable tuition revenue growth or lose the liquidity it currently holds.

In 2016, Moody’s listed key challenges for the university as “thin operating cash flow due to investments in new strategic initiatives, reliance on endowment and reserves for capital and financial aid support, as well as a historically complex debt structure” and re-affirmed some of the same challenges in the 2017 report.

The report was compiled by Mary Cooney, a lead analyst for higher education at the New York-based rating agency.

 

Filed Under: News, Showcase

Other News:

  • Arch apartments receive complaints from students, issues with communication, maintenance

  • Undergraduate Research, Creativity and Innovation Festival accepting abstracts for presentations until Friday

  • Annual Lunar New Year celebration held by ASO

About Evan Rodriguez

You are here: Home / News / Moody’s grants A3 rating to university bond offering

Other News:

  • Arch apartments receive complaints from students, issues with communication, maintenance

  • Undergraduate Research, Creativity and Innovation Festival accepting abstracts for presentations until Friday

  • Annual Lunar New Year celebration held by ASO

Follow us online

  • Facebook
  • Instagram
  • Twitter
  • YouTube

Optimist on Twitter

acuoptimist The Optimist @acuoptimist ·
2 Feb

BREAKING: Campus will be operating remotely in the morning. Any classes after 1 p.m. will be in person.

Reply on Twitter 1620939263557734401 Retweet on Twitter 1620939263557734401 Like on Twitter 1620939263557734401 Twitter 1620939263557734401
acuoptimist The Optimist @acuoptimist ·
31 Jan

BREAKING: Campus will continue operating remotely Wednesday due to continued icy conditions.

Reply on Twitter 1620523455421779970 Retweet on Twitter 1620523455421779970 Like on Twitter 1620523455421779970 1 Twitter 1620523455421779970

Optimist on Facebook

The Optimist

1 week ago

The Optimist
ACU’s Alpha Psi Omega chapter raised money for the Living Waters Charity by putting on a show in the span of 24 hours. See more photos from our gallery: ... See MoreSee Less

Gallery: 24-Hour Musical tells the heartwarming story of Junie B. Jones - Optimist

acuoptimist.com

ACU’s Alpha Psi Omega chapter raised money for the Living Waters Charity by putting on a show in the span of 24 hours. This year, the department chose to perform the beloved children’s musical “...
View on Facebook
· Share

Share on Facebook Share on Twitter Share on Linked In Share by Email

The Optimist

1 week ago

The Optimist
Greek Life has started a partnership with Campus Director, a software company that works with universities all over the country. Read more: ... See MoreSee Less

Student life implements new software, updates rushing process - Optimist

acuoptimist.com

Greek Life has started a partnership with Campus Director, a software company that works with universities all over the country. The Campus Director software has an algorithm programmed to match rushe...
View on Facebook
· Share

Share on Facebook Share on Twitter Share on Linked In Share by Email

Videos

Optimist Newscast Jan. 25, 2023

Tune in to this week's newscast for a look at Greek Life rushing, the annual ... [Read More…]

  • Women’s tournament run ended by first-round exit against UTRGV
  • Optimist Newscast Feb. 22. 2022
  • Optimist Newscast 2.16.2022

Latest Photos

  • Home
  • Podcasts

© 2023 ACU Optimist · All Rights Reserved