• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About
  • Advertise
  • Submit News
  • Contact Us

Capital Soup

Florida News Straight From the Source

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video
You are here: Home / Soup Du Jour / Moody's: FAMU’s Outlook Upgraded to Stable

Moody's: FAMU’s Outlook Upgraded to Stable

Posted on December 21, 2017

NEW YORK, NY – Moody’s Investors Service announced that it has revised the outlook of Florida A&M University (FAMU) to stable from negative. The outlook revision incorporates anticipated improvement in operating performance and revenue growth with reduced enrollment volatility combined with gains in base state funding. FAMU is closing out 2017 with an increase in fundraising and its highest enrollment increase since 2014 at 9,913 students.

“Through the collective efforts of the Board of Trustees, FAMU Foundation, University administrators, staff, faculty, student leaders, and, of course, our committed alumni and friends, we are working tirelessly to ensure the financial well-being and continued growth of this great institution,” said President Larry Robinson, Ph.D. “We are grateful that Moody’s recognizes our efforts and grateful to everyone who has played a role in this positive outcome for FAMU.”

According to Moody’s, the stable outlook incorporates expectations of stabilizing enrollment, management’s commitment to maintaining operating equilibrium, and stable to growing state support. The stable outlook also reflects the absence of future borrowing plans or plans to reduce flexible reserves and is also predicated on a strong demand for the University’s “dormitory system.” Moody’s also indicates that the University has a reasonable cushion of flexible reserves relative to expenses, as well as relatively low debt. 

“The elevation in the Moody’s Outlook Rating illustrates the University’s commitment to sustaining enrollment growth as well as improving our operational and financial performance,” said Wanda Ford, DM, CFO and interim vice president for Finance and Administration. “We are excited about the University’s improvement in its rating of creditworthiness as it allows for greater opportunities to support our students in academic achievement and success.” 

Moody’s Investors Service is a leading provider of credit ratings, research, and risk analysis.   

According to Moody’s factors that lead to an outlook upgrade, include: 

 ·      Sustained revenue growth combined with more effective enrollment management and enhanced student demand 

·      Improved operating performance with reduced volatility and operating cash flow margins 

·      Marked increase in flexible reserves with spendable cash and investments to operating expenses sustainably  

 

For more information, visit www.moodys.com. 

Share this article! Share on FacebookShare on Twitter

Filed Under: Soup Du Jour Tagged With: FAMU, Moody's Investors Service, Moody's Outlook Rating

Primary Sidebar

    Submit News    

Supreme Court Asks For Views Of Biden Justice Department In Florida, Texas Social Media Laws

Washington – Supreme Court Justices have asked the federal government’s chief appellate lawyer, the Solicitor … [Read More...] about Supreme Court Asks For Views Of Biden Justice Department In Florida, Texas Social Media Laws

Florida Department of Economic Opportunity Announces $67 Million in Funding Available Through the Rebuild Florida Hurricane Sally Infrastructure Repair Program

Local governments in Bay, Escambia, Okaloosa, Santa Rosa, and Walton Counties can now apply for funding The … [Read More...] about Florida Department of Economic Opportunity Announces $67 Million in Funding Available Through the Rebuild Florida Hurricane Sally Infrastructure Repair Program

Sachs Media Helps Florida League of Cities Unveil New PSA Series

Leading Florida public relations firm produced city services-focused series After six months of planning, … [Read More...] about Sachs Media Helps Florida League of Cities Unveil New PSA Series

Keep in Touch

  • Email
  • Facebook
  • Twitter

Newsletter signup

Stay in the loop! Subscribe to our weekly newsletter to receive a brief recap of the week's most popular stories.

Footer

News

  • Soup Du Jour
  • People
  • Government
  • Campaign
  • Business
  • Education
  • Insights
  • Video

About Us 

  • About
  • Advertise
  • Submit News
  • Contact Us

Keep in Touch

  • Email
  • Facebook
  • Twitter

Copyright © 2021
Terms & Conditions

© Copyright 2023 Capital Soup · All Rights Reserved ·