Lafayette College has once again earned favorable bond ratings of A+/A- and Aa3, respectively, from credit rating services Standard & Poor’s and Moody’s, reflecting the institution’s strong financial position.
In addition to the positive news from the credit ratings services, Executive Vice President for Finance and Administration Audra Kahr, who joined the College in 2022 and whose division is responsible for such strong performance, has been renewed in her role through June 2030.
“These continued strong ratings are the result of our responsible, well-planned financial stewardship as documented in our Strategic Plan, Campus Master Plan, and enrollment strategies,” President Nicole Hurd said.
“Our administrative team, in particular the leadership of Audra, has sharpened our focus on our long-term success,” she added. “She and her team deserve our thanks for their efforts to maintain and improve Lafayette’s fiscal health and competitive position amid the many challenges facing higher education.”
Moody’s noted that its continued high rating reflects Lafayette’s “excellent brand” as a selective undergraduate institution, substantial financial reserves, robust liquidity, strong operating performance, and prudent management.
Among other things, Standard & Poor’s once again cited the College’s solid selectivity, graduation and retention rates, stable enrollment trend, faculty with a high terminal degree rate, and experienced senior management team.
