Cambridge university may issue bonds after AAA rating from Moody's
Published on Oct 2, 2012 8:24 PM
LONDON - Cambridge University is considering selling sell bonds for the first time in its 800-year history after gaining a triple A credit rating from Moody's Investors Service.
"Right now, we're exploring our options and we have several open to us," Mr Andrew Reid, the university's director of finance, told Bloomberg news agency. Cambridge said on Tuesday it will embark on meetings with bond investors later this month,
Moody's gave Cambridge its top rating in view of its "outstanding market position, significant amount of liquid assets and strong governance structure".
It also noted Cambridge's ability to recruit "top quality students" and secure significant research funding from various sources inside and outside of the UK, the Telegraph reported.
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