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Rutgers Receives Financial Rating Upgrade

Tuesday, July 11, 2017   (0 Comments)
Posted by: Brian Pontious
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Rutgers Receives Financial Rating Upgrade

https://www.usnews.com/news/best-states/new-jersey/articles/2017-06-29/rutgers-receives-financial-rating-upgrade

Following a period of financial uncertainty, Rutgers University has received a rating upgrade.

NJ.com reports (http://bit.ly/2tsVEZD ) Moody's Investor Service upgraded its outlook of Rutgers' from negative to stable. Moody's attributes the rating upgrade to the university's ability to break even and produce growth.

Moody's was concerned with Rutgers' 2013 merger with the University of Medicine and Dentistry of New Jersey. The firm says Rutgers' ability to attract out-of-state students and continued independence from state financial support helped with the rating improvement.


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