欧美视频

WARRENSBURG, MO 鈥� The 欧美视频 has received a long-term rating of 鈥淎+鈥� by Standard & Poor鈥檚 (S&P) Global Ratings for the fourth consecutive year regarding its Missouri Health & Educational facilities Authority鈥檚 series 3013C, 2018A and 2018B educational facilities bonds. While the rating reflects UCM鈥檚 dedication to sound financial operations, the rating outlook reflects financial pressures facing the university.

 

鈥淲e assessed UCM鈥檚 enterprise profile as strong characterized by a historically respectable demand profile with improving selectivity and, while pressured in fall 2020, relatively stable matriculation, offset by several years of declining enrollment due primarily to weakening demographics,鈥� S&P noted in its rationale for the ratings. 鈥淲e assessed its (UCM) financial profile as very strong, with positive operations over the past two years, good available resources for the rating compared with operating expenses and debt, and a reasonable debt burden. We believe these combined credit factors lead to an indicative stand-along credit profile of 鈥榓+鈥� and a long-term rating of 鈥楢+鈥�.鈥�

 

S&P Global Ratings provide a forward-looking opinion about a borrower鈥檚 credit worthiness and ability to repay debt using a letter-grade system. 鈥淎AA鈥� is the very best rating that can be given for a borrower鈥檚 ability to replay long-term bonds. A long-term credit issue rating of 鈥淎鈥� means that the organization being rated is more susceptible to adverse effects of changes in circumstances and economic conditions than obligations in higher-rated categories, but the borrower鈥檚 ability to meet its financial commitments is still strong.

 

At the end of Fiscal Year 2020, UCM鈥檚 total debt outstanding equaled approximately $77.9 million, including $59.9 million in revenue bonds for projects that include construction of The Crossing 鈥� South at Holden, the university鈥檚 first student living-retail complex, and a $15.6 million energy savings capital lease issued in April 2009 for deferred maintenance to buildings on the main campus.

 

"To maintain an "A+" rating for a fourth consecutive year, especially given the challenges presented by the pandemic, says a great deal about the campus-wide commitment to good stewardship of our limited financial resources. While we continue to focus on student success and academic excellence, it is vital that the institution remains financially sustainable. This rating reflects this sustainability as well as our ability to secure financing for potential future projects that will benefit our students," said Bill Hawley, vice president for finance and administration at UCM.

 

Although S&P is giving the university a positive rating on its revenue bonds, it also looks to the future taking into consideration other factors which can affect the institution鈥檚 financial outlook. This includes a challenging state funding environment and a declining pool of Missouri high school students in which UCM must recruit in competition against other colleges and universities, which has led to declining enrollment since 2016. Such factors contributed to a 鈥渘egative鈥� outlook rating.