Scripps College’s financial rating of A1 was recently affirmed by Moody’s Investor Service, a credit rating agency responsible for setting the market standard for bond evaluations. Scripps’ rating of A1 is one of the highest issued by Moody’s and indicates that the College has stable financial backing and ample cash reserves.
“In a nutshell, Moody’s sentiments are a reflection of Scripps’ reputation, endowment, ability to attract students, and financial strength,” said Dean Calvo, Scripps’ vice president and business affairs/treasurer.
Further affirming the school’s financial stability, Forbes’ Top Colleges Financial Grade list gave Scripps an A+, while the U.S. Department of Education gave the College a 3.0—its highest possible Financial Responsibility Score.
Moody’s rating is further explained in its 2017 opinion, noting “Scripps’ strong wealth providing operating flexibility and good coverage of debt and operations as well as the College’s excellent reputation and strong student demand as a nationally known women’s liberal arts college.” The opinion also highlights the College’s “very good strategic positioning as a member of the Claremont University Consortium (Aa3 Stable) and consistently solid cash flow fueling regular strategic and capital investment.”