WVU touts bond ratings by 2 services
MORGANTOWN, W.Va. (AP) — West Virginia University is touting its standing among two bond-rating services.
The financial report cards are important as the university looks ahead to an ambitious, 10-year construction program totaling more than $320 million.
The bond ratings are from Standard and Poor’s and Moody’s. S&P gave the university’s 2013 taxable and tax-exempt bonds an A+ long-term rating. University officials say that is based on S&P’s analysis of WVU’s diverse academic programs, enrollment numbers and state support.
Moody’s affirmed the Aa3 ratings that have been with WVU in previous ratings. It called the university’s outlook stable.
WVU’s vice president for administration and finance, Narvel Weese, says the bond agencies’ ratings reflect the university’s strong financial position.