Standard & Poor’s Global Ratings service on Wednesday announced the four-campus University of Missouri System’s AA+ credit rating and returned the outlook for its overall credit rating to “stable.”
S&P’s rating came after analysts held in-depth briefings with university leaders about the future of the institution. The report also affirmed a stable outlook rating for the system from Moody’s Investors Service last July.
Last year at this time, S&P issued a poor rating for the UM System. It was based primarily, university officials said, on the turmoil that followed racially fueled student protests in November 2015 — the resignations of the system president and the chancellor of the flagship campus, an enrollment drop, and threatened funding cuts.
The AA+ rating is the second-highest long-term credit rating given out to institutions by S&P.
A UM System statement said the rating from S&P and Moody’s “keeps the UM System among an elite group of aspirant institutions.” Less than 10 percent of the public institutions rated fall within both rating services’ top two rating categories.
Read more: Kansas City Star