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Moody’s revises Augsburg University’s outlook to stable and affirms Baa3 credit rating

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.”

See the April 5, 2018 Moody’s news release.

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