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| | | November 19, 2004 > Standard & Poor's ups University's rating Standard & Poor's ups University's rating  By Andy Clendennen Standard & Poor's has raised the rating on Washington University's revenue bonds from AA/A-1 to AAA/A-1, according to Barbara A. Feiner, vice chancellor for finance and chief financial officer. This places the University into a prestigious group of only 15 private colleges and universities to receive Standard & Poor's highest rating. Standard & Poor's raised its long-term rating on WUSTL's outstanding bonds to "AAA" from "AA" to reflect exceptionally strong institutional characteristics that compare well with peer private institutions, including academic quality, student quality, operating performance, level of research, overall financial resources and demonstrated fund-raising capability. "We are pleased that Standard & Poor's recognizes the great strides the University has made to become a premier academic and research institution," said Amy B. Kweskin, University treasurer. The rating upgrade should have a positive effect on the University's cost of borrowing. | | ||||||||||||||||||||||
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