| Tipoffs for Bangor, Maine (State) Newsletter for Friday September 24, 2021 ( 1 items ) |
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University of Maine System Maintains Stable AA- Financial Rating Through Pandemic
ORONO, Maine, Sept. 24 -- The University of Maine System issued the following news release:
The University of Maine System has retained its AA- credit rating during the COVID-19 pandemic. AA- means UMS has a "very strong capacity" to pay interest and repay principal on its outstanding debt.
UMS Vice Chancellor Ryan Low provided an overview of the report to the Finance, Facilities & Technology Committee on Sept. 15 via Zoom. The S&P review team noted UMS' stable outlook is in contrast with the
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