NetNews

The credit-rating agency Standard & Poor's upgraded St. Lawrence University's bond rating in June (2008), and Moody's reaffirmed its rating. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing and are therefore important measures of a university's financial health.

Standard & Poor's Ratings Services revised its outlook to "positive," from "stable," "based on the University's strengthened demand and improved financial operations and resources." Moody's Investors Service reaffirmed its rating for the University as A2-Stable, noting St. Lawrence's "improving market position," "strong gift flow" and "healthy" balance sheet.

Posted: June 26, 2008