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UMaine $$$ and Enrollment

PostPosted: Sat Apr 29, 2017 9:05 am
by TAL1957
The UMaine system’s credit rating has improved. Ratings agency S&P Global Ratings has upgraded its outlook for the University of Maine system from negative to stable and affirmed the system’s AA- long-term rating, according to a news release from the system. The news comes two years after the rating was downgraded in response to demographic, fiscal and competitive challenges for the university system. The upgrade is due to a number of factors including the system’s first enrollment growth in 13 years and financial performance that ended two years of recurring deficits. The improved rating means the system can enjoy lower interest rates on loans, among other things. — Christopher Cousins, Bangor Daily News, April 28,2017

Well, it looks like the UMaine System is in pretty good shape both financially and enrollment wise.

Hopefully this serves to dampen any internal pressures to reduce support/funding/scope of our athletic programs !