Standard and Poor's Rating Services has reviewed Ave Maria University's finances and gave Ave Maria a "stable outlook" and a "BBB-" investment rating, University officials told The Cardinal Newman Society.
Said a credit analyst for Standard and Poor:
"The rating reflects our opinion that management's plan to mature and stabilize operations will be realized over the next few years as the university builds its cash and liquid investment position... We believe the college's solid enrollment growth, portfolio of largely illiquid real estate investments, ongoing fundraising support from key donors, and management expertise further support the investment-grade rating."
President Jim Towey explained the importance of the financial news for the University:
“This validation by Standard & Poor’s will have an immediate, positive financial impact. The University is likely to be able to refund its bonds and take advantage of the historically-low interest rates now available in the credit markets, and thereby save millions of dollars.”
Towey said the future is bright for AMU and its students. The University will be reaching record enrollment numbers this fall as the student body grows to more than 1,000. Student retention rates score their own record, with more than 600 returning students this fall.
“Those who have been watching Ave Maria from its infancy now have independent verification of what we who work here already know: Ave Maria is alive and well – and positioned for greatness,’’ he said.
Ave Maria University is recommended at TheNewmanGuide.com for its strong Catholic identity.
Catholic Education Daily is an online publication of The Cardinal Newman Society. Click here for email updates and free online membership with The Cardinal Newman Society.