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ESU receives lowered credit rating

Moody's Investor Service has given Emporia State University a lower credit rating.

 

The financial review service rated ESU as A2, down from their original A1 rating. The rating action affects $13 million of Series 2010J bonds issued through the Kansas Development Finance Authority. The rating is under review for downgrade.

ESU Vice-President of Administration and Fiscal Affair Ray Hauke says they're aware of it, and that this rating was triggered by the state's bond rating by Moody's.

KU and K-State also received a downgraded rating, while Washburn, Pittsburg State and Wichita State remained stable.

Hauke says these ratings are "looking in the rearview mirror," and he says ESU is headed in the right track with increased enrollment.

 

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