Moody's Investor Service has assigned its top Aaa rating to Harper College's $4.9 million general obligation limited bonds, Series 2013, issued this week for campus wide capital projects. Moody's cited Harper's strong management team, "very healthy" financial profile and manageable debt profile among the College's financial strengths, amid the reality of elevated unemployment, declining home valuations and other financial challenges. Harper has maintained the top rating since 2001. The Aaa distinction, which also was affirmed for Harper's outstanding general obligation debt, comes on the heels of a national budget award from the Government Finance Officers Association for Harper early this year.
updated: 3/4/2013 2:29 PM
Harper bonds get Aaa rating:
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.