FAMU's Outlook Rating Increases

Posted at 5:09 PM, Dec 22, 2017
and last updated 2017-12-22 13:20:34-05

TALLAHASSEE, Fla. (WTXL) - The university of green and orange is no longer seeing red in their finances.

According to Moody’s Investors Service, Florida A&M University has shown improvement in their operating performance and revenue growth. Moody’s Investors Service is a leading provider of credit ratings research, and risk analysis.

There were concerns with the university's financial viability, but due to the increased enrollment and donations from alumni, that concern is now gone.

The elevation in Moody’s outlook rating illustrates the university's commitment to sustaining the school's growth and finances. This change comes from increased revenue, improved operating performance, and relatively low debt owed by the school.

Bringing FAMU to a stable outlook was no easy task, but Florida A&M officials say that president Larry Robinson helped a lot.

"We worked extremely hard. I have to give all the credit to our leader, Dr. Larry Robinson," said Rodner Wright, the interim provost and VP of academic affairs. "I think it's through his leadership that we've been able to achieve this great improvement in our credit rating."

Wright also says that having a stable outlook will help the community keep its confidence in FAMU.

Enrollment for the year is at its highest since 2014 with almost 10,000 students, but FAMU will continue bringing in new students and transfers to keep their numbers and finances up.