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Major orchestras aren’t the only ones acknowledging the �Ӱ�ԭ�� Advantage. A major credit rating agency also sees enduring strength in the institution. 

Late last month, �Ӱ�ԭ�� received an affirmation from the Standard & Poor’s Global Ratings Agency of its BBB- credit rating and earned a “stable” outlook. The rating is a favorable mark that characterizes �Ӱ�ԭ�� as an “investment-grade” entity.  

More specifically, the two marks represent a positive evaluation of �Ӱ�ԭ�� through the lens of bonds and other debt securities which bank regulators and market participants view as potential investments for financial institutions. New York-based Standard & Poor’s is one of the nation’s largest credit rating agencies and a leader in financial research.  

“This rating and outlook affirmation is a tremendous encouragement to the �Ӱ�ԭ�� community and donors who commit themselves so selflessly and generously to �Ӱ�ԭ��‘s future,” said Paul W. Hogle, �Ӱ�ԭ��’s President and CEO.  

“It is a clear indication that what has made �Ӱ�ԭ�� a destination in the music world for more than a century also makes it an attractive philanthropic and commercial investment.” 

While praising the school’s disciplined approach to setting and achieving strategic goals, the Standard & Poor’s affirmation released July 26 points to �Ӱ�ԭ��’s student body, saying the BBB- rating stems from “healthy student characteristics such as retention and matriculation rates that are stronger than similarly rated peers.”  

In addition, the agency endorsed �Ӱ�ԭ��’s leadership, citing a “proactive and experienced management team, with expertise within the music education industry.”  

“S&P’s affirmation of our rating speaks to �Ӱ�ԭ��’s commitment to be financially sound and forward-looking,” said Brian Foss, �Ӱ�ԭ��’s Chief Financial Officer.