The University of Virginia has received top ratings from major credit rating agencies Moody’s Investor Services and Fitch Ratings, both noting UVA’s robust financial profile and exceptional operating performance.
The University’s consistent enrollment, high-value educational offerings, philanthropic gifts, and overall academic reputation were all factors supporting the agencies’ top ratings.
The University also holds a AAA bond rating from Standard & Poor’s, which was most recently affirmed in August 2023.
UVA is one of only four public universities in the nation to receive AAA bond ratings from all three major rating agencies. The AAA rating provides the University with broad access to the capital markets and the most attractive financing costs and terms when financing projects and initiatives on Grounds.
In its June 21 bond rating affirmation, Moody’s highlighted key UVA credit strengths, including superior financial resources, excellent academic reputation and continued high student demand. They also highlighted the University’s thorough financial planning, investment and risk management, remarkable donor support, and UVA Health’s competitive clinical reputation.
UVA Executive Vice President and Chief Operating Officer Jennifer “J.J.” Wagner Davis commended UVA Finance and others on Grounds for the accomplishment.
Fitch Ratings’ June 10 affirmation described UVA’s rating outlook as stable, noting its exceptional student demand and national presence as a flagship research institution.
“We’re proud to receive continuous top credit ratings from these agencies, and to maintain our spot among the nation’s most prestigious institutions of higher education,” UVA Executive Vice President and Chief Operating Officer Jennifer “J.J.” Wagner Davis said. “UVA’s commitment to top-tier education, remarkable value, groundbreaking research and quality health care is bolstered by consistent credit ratings that allow us to provide nothing less than exceptional service to our students, the community, the commonwealth and the world.
“Thank you to UVA Finance and all those involved across Grounds for their diligent financial stewardship and hard work that allows us to maintain these important ratings.”
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July 3, 2024
