Investors’ Website Highlights Texas A&M University System’s Strong Bond Ratings

News Release
Investors’ Website Highlights Texas A&M University System’s Strong Bond Ratings
Texas A&M University System News
COLLEGE STATION, Texas — The Texas A&M University System, which is one of only eight higher education institutions in the U.S. with Moody’s top bond rating, is launching a new website to provide one-stop information for bondholders and potential investors in the System’s debt.

The site includes links to recent official statements, disclosure filings, annual financial reports, liquidity documents and rating agency websites. It can be found at http://www.tamus.edu/finance/treasury-services/bondholder-information-disclaimer/

The Texas A&M University System continues to enjoy strong debt ratings with a stable outlook, according to the nation’s three largest bond-rating agencies. Moody’s Investors Service, Standard & Poor’s Rating Services and Fitch Ratings issued their latest opinions last summer when the System was selling $67.3 million in Revenue Financing System bonds.

“The system will continue to generate healthy positive margins and healthy cash flows,” according to Moody’s press release at the time. “Individual campuses adhere to the system administration’s budgetary guidelines and rigorous reviews result in positive financial results.”

Moody’s rated Texas A&M University System’s Revenue Financing System debt as “Aaa,” its highest rating.

“We are proud of these ratings and what they say about the financial health and stability of the Texas A&M System,” said Chancellor John Sharp. “That stability remains one of our highest priorities, and this new website allows greater transparency for the public and investors.”

About the A&M System
The A&M System is one of the largest systems of higher education in the nation, with a budget of $4.2 billion. Through a statewide network of 11 universities, seven state agencies, two service units and a comprehensive health science center, the A&M System educates more than 140,000 students and makes more than 22 million additional educational contacts through service and outreach programs each year. System-wide, externally funded research expenditures exceed $932 million and help drive the state’s economy.

Contact: Terry McDevitt
(979) 458-6018
(210) 232-5759 cell
tmcdevitt@tamus.edu

 

 

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