U.Va. gets AAA rating

Fitch, the international rating agency, has upgraded the University’s bond rating from AA+ to AAA, reflecting U.Va.’s strong balance sheet, substantial liquidity, high student demand and demonstrated fundraising capabilities.

The agency considers the level of U.Va.’s outstanding debt to be modest and anticipated debt is expected to be manageable. The University’s endowment, which stands at about $1.8 billion, is also a factor in judging financial health.

“We are thrilled to be recognized by another agency,” said Alice W. Handy, U.Va. treasurer and president of the University’s Investment Management Co. Moody’s has also given the University the AAA rating, which only two other public universities hold, Michigan and Texas.