Moody鈥檚 Investor Service today revised 海角社区鈥檚 outlook to stable from negative and affirmed the University鈥檚 Baa3 credit rating.
Moody鈥檚 cited Augsburg鈥檚 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.
鈥淭his favorable outcome is a great accomplishment, and one we鈥檝e worked hard to achieve,鈥� said Augsburg President Paul C. Pribbenow. 鈥淚t鈥檚 a reflection of Augsburg鈥檚 competitive strengths — including our distinct market identity and diverse enrollment — as well as our intentional, sustained efforts driving dramatic improvements in liquidity.鈥�
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