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Article: Moody's Upgrades Villanova University's Long-Term Rating; Standard & Poor's Changes Villanova's Outlook to Positive.
- Article from:
- Investment Weekly News
- Article date:
- November 7, 2009
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Moody's Investors Service has upgraded Villanova University's long-term rating to A1 from A2, citing the University's strong market position, "highly conservative fiscal management" and operating results. In addition, Standard & Poor's revised Villanova's outlook to positive from stable, reflecting historically strong student demand, student quality and strong financial operations among other factors.
"This upgrade endorses a philosophy we have had in place for years and affirms the University's financial discipline," said Ken Valosky, Vice President for Finance and Administration at Villanova University. "I am delighted that our financial performance was ...