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JSU Earns A Rating from S&P |
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JACKSONVILLE -- August 30, 2002 --
Jacksonville State University recently achieved an A rating by Standard &
Poor’s rating service. “The A rating is one that all higher education institutions aspire to but few are able to achieve,” said JSU President William A. Meehan. In official notification to Meehan, S&P officials said they view the “outlook of this rating over the intermediate to longer term as stable.” The rating was sought by JSU in connection with a $15 million bond issue. The S&P team visited the campus last month. According to S&P, an A rating has a “strong capacity to pay interest and repay principal although it is somewhat susceptible to the adverse effects of changes in circumstances and economic conditions….” S&P routinely noted that the rating “may be changed, suspended or withdrawn as a result of changes in, or unavailability of, information.” |
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