Andrea Jones, 404-413-1351
In a move that signals Georgia State University's growing reputation and stability, Moody's Investors Services this week upgraded GSU's long-term bond ratings from A1 to Aa3.
According to Moody's, the new rating reflects the security of Georgia State's bonds, continued student market strength and the completion of successful projects, like Georgia State's Student Recreation Center and student housing facilities.
The move places Georgia State on par with many high ranking universities around the country. The rating assesses the credit worthiness and is a financial indicator to investors of debt securities.
In the past decade, Georgia State has added millions of square feet to campus with classrooms, housing and laboratory space. The Moody's report praised the university for its positive operating performance and good fiscal management.
President Mark P. Becker said the rating upgrade is an indication of Georgia State's continued momentum.
"We are delighted that Moody's recognized Georgia State's strength and credit worthiness." Becker said. "It is noteworthy that the ratings increase is based both on our rising profile, and on our responsible management of institutional funds."
Published Dec. 17, 2010