Moody's Investor Service: UNCW Maintains Positive Outlook

Wednesday, April 29, 2015

The University of North Carolina Wilmington has maintained its positive outlook, according to Moody’s Investor Service.

Moody’s indicated that UNCW’s market strength, sustained enrollment growth, healthy financial operations and track record of state support contributed to its decision to affirm the existing A1 underlying rating on UNCW’s General Revenue Bonds and the A2 rating on the university's Certificates of Participation. The credit rating agency also assigned an A2 rating to UNCW’s proposed Refunding Limited Obligation Bonds. The positive outlook reflects the expectation that the university will effectively manage its budget to maintain operating surpluses and grow financial reserves at a faster pace than A1 rated peers.

“We’re pleased that Moody’s recognized UNCW’s strengths with a positive outlook, which is rare for universities given the challenges facing higher education,” said Rick Whitfield, Vice Chancellor of Business Affairs. “Moody’s continued confidence in UNCW reflects the collaborative effort of the entire university community to operate efficiently and effectively.”