Moody’s Affirms College of DuPage’s Bond Rating

Moody’s Investors Service has affirmed the College of DuPage “Aaa” bond rating, the highest possible rating, and affirmed its rating outlook of “stable” on the College’s outstanding general obligation bonds.

In rendering the decision, Moody’s cited a number of factors, including:

· Healthy financial operation

· Ample reserve levels

· Low debt burden

“Receiving this affirmed Aaa rating is a testament to the College’s strong financial system,” said College of DuPage President Dr. Brian Caputo. “The rating and accompanying stable outlook affirms our efforts to be strong financial stewards to our local taxpayers and students.”

College of DuPage Board Chair Christine Fenne said she is pleased with the administration’s continued efforts to strengthen financial safeguards and follow best practices.

“This exciting news from Moody’s further illustrates the College’s focus on financial responsibility,” she said. “On behalf of the Board of Trustees, I offer my thanks to Dr. Caputo, Chief Financial Officer Scott Brady and his staff for all their work.”

College of DuPage is institutionally accredited by the Higher Learning Commission. Serving more than 22,000 students each term, College of DuPage is the largest public community college in the state of Illinois. The College grants seven associate degrees and offers more than 170 career and technical certificates in over 50 areas of study.