Excerpt from the Dayton Daily News
Wright State University’s credit rating has been upgraded for the second year in a row, aligning its credit rating closer to other local universities.
Moody’s, which provides international financial research on bonds issued by commercial and government entities, announced Tuesday it has given Wright State an A2 rating, upgraded from an A3 rating in 2023 and a Baa1 rating in 2021, In 2017, the university held a Baa2 rating.
“We are excited about the significant movement we have made by focusing on regional partners to further expand the opportunities for a quality education and upward mobility for our students,” said Wright State chair of the board of trustees Tom Gunlock.
Miami University had an Aa3 rating as of March, according to the university, which is a higher rating than Wright State. University of Dayton reported an A2 rating in the 2022-2023 school year.
“Moody’s has acknowledged the long-term planning by management to align our campus footprint to enrollment and how Wright State continues to move in the right direction,” said Greg Sample, Wright State’s executive vice president and chief operating officer.
In 2017, the university faced significant financial problems, and there was discussion that the public university could be placed on fiscal watch. The university conducted layoffs in 2018 and cut faculty positions in 2021.
