Actuality Transcript (Jim Bookout, Troy University vice chancellor for financial affairs)
About 55 seconds in entirety

A bond rating increase from Moody’s Investors is significant to the institution. It shows the confidence they have in the financial management of the university and that we’re a good steward of the resources and we management our programs well. The rating is actually more attractive to the investors who will end up buying the bonds for their own personal portfolios – and as a result, our insurance costs to insure the bond against default are lower and the interest rates that we pay would be lower as a result of the confidence that Moody’s has in upgrading TROY from A2 to A1. It sends the message to all underwriters that TROY is in good financial standing and will attract more business in terms of financial arrangements with under institutions, other underwriters.