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Lycoming College Bond Rating Elevated |
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Standard & Poor’s Rating Service has elevated the
bond rating for Lycoming College from A- to an A, according
to Robert W. Griesemer, Vice President and Treasurer of the College. With the recent upgrade to an "A" rating, Lycoming is now one of just 95 institutions of higher education--public or private-- with an A rating or higher. According to Griesemer, this rating affirms the strong financial position of the College and is quite a feat for an institution of Lycoming’s enrollment and endowment size. The biggest benefit is that the College will save considerable money when borrowing. The elevated bond rating reflects four positive factors, according to Standard and Poor’s: 1. Increased liquidity relative to operating expenses and debt; 2. Good financial performance; 3. Healthy endowment coupled with a low level of debt; and 4. Continued stability in enrollment "Standard & Poor’s stamp of approval means a lot to us," said Robert Griesemer. "It indicates that our management practices meet the rating agency’s very high standards."
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