COLUMBIA, Mo. (AP) — A credit report suggests the University of Missouri System is on track to maintain its good credit rating despite declines in overall state funding and enrollment at its Columbia campus.
The research report issued Aug. 25 from Moody’s Investors Service was a consistent follow-up from the four-campus system’s summer credit rating. The system received an Aa1 rating in June, which is the second-highest rating an institution can receive.
Moody’s Vice President Eva Bogaty says the report looked at some of the strengths the system maintains despite financial pressure. The report says one of those strengths is the system’s broad geographic and program diversity.
Bogaty says that if the system doesn’t successfully work with campuses to rebuild morale while cutting expenses, then its credit will weaken.