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May 11, 2016

University Of Montevallo Bond Rating Upgraded To Highest Level Ever

Montevallo, Ala. – The University of Montevallo is pleased to announce that Standard and Poor’s Ratings Services has recently upgraded the University’s rating from “A” to “A+,” and notes the outlook as stable. At a time when many other universities are experiencing financial instability, the University of Montevallo has received two bond rating upgrades by Standard & Poor’s in six years. The University’s last upgrade occurred in 2013, when S&P upgraded the University from “A-“ to “A.”

The ratings reflect S&P’s view when considering strong financial resources for the rating category, a moderate maximum annual debt service burden, good revenue diversity and a history of not only avoiding the use of reserves but also, in most cases, increasing them.

“This upgrade is truly an honor to be shared with all the campus community. Without their support of the University’s financial strategies, UM’s financial health could not be where it is today,” said DeAnna Smith, vice president for business affairs and treasurer. “We look forward to continuing the long history of financial well-being while improving our campus facilities in the future.”

The report also referenced the University’s strong management team lends stability to the overall credit profile. The executive management team’s ability to navigate the University through the challenges of declining state funding while maintaining operating performance and incorporating a strong strategic plan for 2015-2020 was noted.

“DeAnna Smith and our Business Affairs team do a superior job and we are grateful for their hard work,” John W. Stewart III, University of Montevallo president said. “We appreciate the wise counsel of our trustees concerning our finances and all of those who invest in the lives of the students we serve.”

The report cites relatively stable headcount and full-time enrollment over the past five years as a positive factor in its rating decision, noting that as the only public liberal-arts university in Alabama, Montevallo serves a niche market, with potential students exhibiting a degree of self-selection in their decision to apply.

“Every day our campus family strives to be good stewards of the resources entrusted to us here at Montevallo,” Stewart said. “We have a very solid financial model and conservative budgeting practices that we put into practice every day.”

Press ReleasesDecember 11, 2018

University of Montevallo celebrates Fall Commencement

On Friday, Dec. 7, the University of Montevallo recognized 159 students for the completion of degrees at UM’s Fall Commencement held in the McChesney Student Activity Center. Myla E. Calhoun, president of Alabama Power Foundation and vice president of Charitable Giving for Alabama Power delivered the keynote address to the graduates, along with family members […]

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Press ReleasesDecember 4, 2018

President of Alabama Power Foundation to deliver commencement address

 Myla E. Calhoun, president of Alabama Power Foundation and vice president of Charitable Giving for Alabama Power will deliver the keynote address for the University of Montevallo Fall Commencement, which will be held Friday, Dec. 7 at 5 p.m. in the McChesney Student Activity Center. A reception for graduates and their families hosted by the UM […]

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More Montevallo StoriesNovember 7, 2018

Education professor earns national recognition

Jennifer Alexiou-Ray, associate professor in the College of Education at the University of Montevallo, was recently awarded the International Society for Technology in Education (ISTE) Making It Happen Award at the annual Alabama Leaders in Educational Technology (ALET) conference. Alexiou-Ray now joins the ranks of the only 600 educators from across the world to have received this award since its inception in 1995.    The ISTE Making It Happen Award honors […]

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