gets AAA rating
the international rating agency, has upgraded the Universitys
bond rating from AA+ to AAA, reflecting U.Va.s strong balance
sheet, substantial liquidity, high student demand and demonstrated
agency considers the level of U.Va.s outstanding debt to
be modest and anticipated debt is expected to be manageable. The
Universitys endowment, which stands at about $1.8 billion,
is also a factor in judging financial health.
are thrilled to be recognized by another agency, said Alice
W. Handy, U.Va. treasurer
and president of the Universitys Investment Management Co.
Moodys has also given the University
the AAA rating, which only two other public universities hold,
Michigan and Texas.