Le Lézard
Classified in: Business

Babson College Receives Unprecedented Bond Rating Upgrades from Moody's Investors and Standard and Poor's


WELLESLEY, Mass., Nov. 29, 2021 /PRNewswire/ -- Moody's Investors and Standard and Poor's have announced significant rating upgrades for Babson College during a year of difficult pandemic challenges for institutions of higher education.

Babson College Receives Unprecedented Bond Rating Upgrades from Moody's Investors and Standard and Poor's

Standard and Poor's has upgraded Babson's bond rating to A+ from the prior rating of A. S&P Global Ratings assigned its 'A+' long-term rating on $51 million Series 2021 refunding revenue bonds issued by the Massachusetts Development Finance Agency on behalf of Babson College. The Outlook is Stable.

"We assessed Babson's enterprise profile as very strong, characterized as highly selective with solid retention and graduation rates, good student quality, and a broad geographic draw. We view the management team favorably and effective in maintaining a modest tuition discount rate" (S&P 2021 rating report).

The rating further reflects Babson's:

Moody's Investors Service has upgraded to A1 from A2 the issuer rating and underlying revenue bond ratings of Babson. Concurrently, Moody's has assigned an A1 to the proposed $51 million in Revenue Refunding Bonds, Series 2021. The proposed bonds will be issued through Massachusetts Development Finance Agency with a final maturity in 2048. The outlook is stable. Highlighted reasons for Moody's upgrade:

"The upgrade of Babson College's issuer rating to A1 from A2 incorporates strong student demand, with total enrollment, entering students, and net tuition revenue exhibiting favorable growth in fall 2021. Babson's very good strategic positioning incorporates its geographic reach, consistently strong graduation rates, and other favorable student outcomes" (Moody's 2021 rating report).

"The Babson community has worked together over many years to achieve these rating upgrades," said Katherine Craven, Chief Administrative Officer at Babson College. "They reflect our collective commitment to financial discipline while putting students first. We accomplished this unwaveringly during a pandemic."

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, and structured finance securities. This segment provides ratings in approximately 140 countries.

Standard & Poor's is an American financial intelligence company that operates as a division of S&P Global. S&P is a market leader in the provision of financial market analysis, particularly in the provision of benchmark and investable indices and credit ratings for companies and countries. S&P Global Market Intelligence provides high-quality industry data, financial data, news, analysis, and research to its client investors based on the client's portfolio. Its clients include universities, corporations, government agencies, and investment professionals.

About Babson College
Babson College prepares and empowers entrepreneurial leaders who create, grow and steward sustainable economic and social value everywhere. We shape the entrepreneurial leaders our world needs most: those with strong functional knowledge, skills, and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in organizations of all types and sizes.  A global leader in entrepreneurship education recognized by U.S. News & World Report, our undergraduate, graduate, executive programs, and partnership opportunities are tailored to global dynamics.

SOURCE Babson College


These press releases may also interest you

at 04:00
Leading Dutch floating engineer Jan Willem Roe?l is internationalising his firm, FlexBase, through the launch of an international office to address global markets, in Singapore. The firm will initially focus on the Southeast Asia and subsequently the...

22 jan 2022
The digital currency market is constantly reaching new volatility peaks since the beginning of 2022, and some analysts attribute it to the strengthening linkages between economies around the world. Therefore, those who conduct finances with these...

22 jan 2022
Opportunities in the digital asset market seem to pop up more frequently than ever recently. As a result, the popularity of derivatives, enabling quicker and more short-term actions in this market, has also risen. With that in mind, industry leading...

22 jan 2022
The largest health system in Connecticut, Yale New Haven Health (YNHHS), has partnered with digital health platform provider Rx.Health to expand and unify their digital health assets. The health system will have access to the EHR-integrated digital...

22 jan 2022
Metaverse Blockchain Fusion NFTtm company, Coinllectiblestm, a wholly owned subsidiary of Cosmos Group Holdings, Inc. is pleased to announce that it has partnered with Spink to offer the First Ever Collectible NFT Coin to be offered by an...

22 jan 2022
Global cryptocurrency exchange PayBito will be providing its technical expertise in a major gaming exchange venture based in the US. The digital assets exchange will deliver its blockchain gaming architecture to create a seamless gaming experience...



News published on 29 november 2021 at 15:30 and distributed by: