Monday, July 02, 2007
Investors service reports stable outlook for USI
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Moody’s Investors Service, one of the leading credit rating, research, and risk analysis companies in the world, this summer has affirmed the A2 underlying rating on University of Southern Indiana’s $81.7 million of student fee bonds, and the A3 underlying rating on $36.7 million of auxiliary system bonds. The rating outlook remains stable. USI strengths listed by Moody’s Investor Service are • the approved seven percent operating support increases for USI in fiscal years 2008 and 2009 from the State of Indiana, • sufficient coverage of outstanding debt and operations from limited expendable financial resource base of $90 million, • sound market position as regional public university with moderate enrollment growth over the past five years, and • consistently healthy operating performance. |
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