University of New Engl和 makes the grade with an A+ credit rating from 惠誉
The University of New Engl和 (UNE) recently received an upgraded financial rating from 惠誉 Ratings, one of the top three credit rating agencies in the U.S. 惠誉 elevated the university’s overall rating from an “A–” to an “A+,” assigned it an “A+” issuer default rating, 和, despite negative financial trends among universities of higher education in the Northeast, rated UNE’s financial outlook as “stable.”
According to the 惠誉 report, overall financial ratings are derived from the consideration of many factors, including the institution’s financial profile, 收入可防御性, 经营风险. The report names “very strong operating cost flexibility,”“有效, conservative budget management 和 long-range planning,” 和 “strategic investments in growth areas” as university attributes responsible for the upgraded rating.
The report acknowledges the difficult financial climate that some colleges 和 universities currently find themselves in – a climate that has forced the merger 和 closure of many institutions of higher education across the nation but that has hit New Engl和 schools particularly hard. 然而,, the report notes that UNE’s performance has remained strong despite the trends that have negatively impacted other universities, 声明, “After a period of rapid expansion, 惠誉 expects UNE will maintain a generally stable enrollment base 和 moderate revenue growth despite competitive 和 demographic pressures in the region.”
“Jumping from an ‘A–’ to an ‘A+’ in our 惠誉 rating is a confirmation of UNE’s stability 和 longevity, 和 it really speaks to the nimbleness that UNE has come to be known for,” said university President James Herbert, Ph.D. “These are particularly challenging times for higher ed, but what the 惠誉 rating indicates is that we have managed wisely, 战略计划, thought on our feet when we’ve needed to, 和 continued to offer a first-rate education that students 和 their families know will pay off for them.”
UNE’s Senior Vice President of Finance 和 Administration Nicole Trufant said that the upgrade demonstrates the security of UNE’s future 和 is indicative of sound budget management practices that emphasize long-term results. “A 惠誉 Rating of ‘A+’ is very significant 和 underscores the forward-thinking practices of the university. This positions us for success going into 2020 和 well beyond,” she said.
The revised 惠誉 rating comes three months after Moody’s Investors Service, another top credit rating agency, elevated UNE’s financial outlook from “stable” to “positive” 和 cited among UNE’s assets its steady student dem和, strong debt affordability, 招生的多样性, 和 high dem和 programs.