- Associated Press - Friday, March 3, 2017

COLUMBIA, Mo. (AP) - The University of Missouri System’s outlook for its overall credit rating has turned to stable from the negative outlook Standard & Poor’s Global Ratings placed on the system’s debt last year.

The Columbia Daily Tribune (https://bit.ly/2mmf3Y3 ) reports that Standard & Poor is maintaining the system’s AA-plus credit rating. A news release from the system says the AA-plus rating is the second highest long-term credit rating an institution can receive.

The ratings report says the outlook reflects the system’s current and predicted strong operating performance, fundraising and financial profile compared with peers, even though the Columbia campus has seen a decline in enrollment.

The system’s outlook was changed to negative last year after the resignations of University of Missouri Chancellor R. Bowen Loftin and the system’s president, Tim Wolfe.


Information from: Columbia Daily Tribune, https://www.columbiatribune.com

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