• The University takes seriously its role of financial stewardship and works hard to manage its financial resources effectively. Continued high debt ratings are important indicators of the University’s success in this area.

• Strong ratings carry substantial advantages for the UW: continued and better access to capital markets when the University issues debt, lower interest rates on bonds, and the ability to negotiate favorable bond terms.

• The University has received ratings upgrades from the major rating agencies, Standard & Poor’s and Moody’s, in 1997, 1998, and 2000. These actions from the nation’s premier credit agencies continue to recognize the University’s strong stewardship of financial resources and prudent use of debt to finance capital projects.