Moody’s Investor Service today revised Augsburg University’s outlook to stable from negative and affirmed the University’s Baa3 credit rating.
Moody’s cited Augsburg’s improved liquidity, effective fiscal oversight, successful fundraising, diverse program offerings, and urban Twin Cities location as strengths supporting its credit opinion. The report also noted that Augsburg continues to operate in a highly competitive student market and has moderately high debt relative to cash and investments.
“This favorable outcome is a great accomplishment, and one we’ve worked hard to achieve,” said Augsburg President Paul C. Pribbenow. “It’s a reflection of Augsburg’s competitive strengths — including our distinct market identity and diverse enrollment — as well as our intentional, sustained efforts driving dramatic improvements in liquidity.”