Anonymous wrote:
Anonymous wrote:Anyone know why Lawrence gets a worse financial rating than many of its similar SLAC peers? Their endowment seems reasonably high but they have a "B" credit rating. (One thing I'm looking at for DC who is interested in SLACS). I wonder if it's just because their operations cost more because of the conservatory and thus can't be compared as easily or if there's any other underlying financial strain to be worried about.
If you're going to cite a bond rating, then cite it correctly and take the time to read the report. Moody's gives it Baa1 and stable. That's pretty typical for good SLACs. Lots of well known ones get the same rating or one notch higher but negative instead of stable. The report is full of praise for its high endowment, management, loyal giving alumni, and nationalizing its student body. Negatives are lower revenue per student, which comes from merit aid, and adjustments to the decision to meet full financial need. All seems pretty good.