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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 ReleasesMay 22, 2019

Outdoor Scholars Program receives funds to expand student opportunities

At the University of Montevallo President’s Outdoor Scholars end-of-year banquet on May 3, the Alabama Power Foundation and the Alabama Farmers Federation each donated $10,000 to the program. The money will be used to fund scholarships, environmental projects and experiential learning opportunities which are a core component of the President’s Outdoor Scholars Program. The Alabama Power Foundation’s […]

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Press ReleasesMay 21, 2019

Partnership provides valuable learning experiences to students and local bank

For more than a year, the University of Montevallo Stephens College of Business (SCOB) has partnered with Central State Bank (CSB) to provide marketing support. This partnership allowed the SCOB to broaden the practical educational opportunities for students, providing them access to real-world experiential learning opportunities. The collaboration began with Stephen Craft, dean of the […]

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Press ReleasesMay 14, 2019

University of Montevallo celebrates Spring Commencement 2019

See the full Spring Commencement photo gallery. The threat of inclement weather nearly relocated the Spring Commencement ceremony, held May 4, from Flowerhill to the Student Activity Center. Facility and Event Scheduling staff worked diligently to prepare both locations for the event. With slight alterations to the ceremony, the University pressed on with the event […]

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