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Marshall’s bond rating affirmed by agency

Oct. 06, 2013 @ 11:40 PM

HUNTINGTON – Marshall University’s revenue bonds, totaling more than $86 million, were affirmed by the Fitch Ratings.

Fitch Ratings is part of the Fitch Group, a global organization specializing in financial information services, with operations in more than 30 countries.

In the affirmation document, Fitch said that the rating reflects “historically stable student enrollment and demand for auxiliary facilities.”

It also said that it expects Marshall to manage effectively through any cuts in state operating appropriations.

“This is yet another indication that Marshall has been fiscally responsible and managed its money well,” said Marshall President Stephen  Kopp. 

The affirmation specifically made reference to $51.9 million in university revenue bonds, series 2011; and $34.8 million in university refunding revenue bonds, series 2010.

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