News From Terre Haute, Indiana

April 14, 2013

Ivy Tech retains AA-long-term rating

The Tribune-Star

TERRE HAUTE — Standard and Poor’s announced that it has affirmed an AA-long-term rating with a stable outlook for The Trustees of Ivy Tech Community College of Indiana.

The rating reflects Ivy Tech’s continued solid state support from Indiana, strong system-wide enrollment, a history of strong financial performance, a good fundraising history and support of debt service.

Offsetting credit factors noted by Standard & Poor’s are the low level of appropriations on a full-time equivalent student basis, adequate financial resource levels for the rating category, an above-average pro forma debt service burden and a high proportion of Pell grant eligible students.