Investment group issues upgrade for UW bonds

Moody’s Investors Service has upgraded the UW’s $3.3 million of Student Facilities Construction Bonds and $4.9 million of Parking System Revenue Bonds by one notch in the group’s ratings. Moody’s has also upgraded the University’s $41 million of Housing and Dining System Bonds.

In making the upgrades, Moody’s said the ratings all carry a stable outlook and reflect the University’s position as the flagship institution in a demographically vibrant state, nationally prominent research programs and highly successful fund-raising efforts, strong levels of financial reserves supporting a manageable level of debt, a diverse revenue stream that generates consistent moderate operating surpluses and strong debt service coverage from pledged revenues. ¶