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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 ReleasesJune 19, 2018

Montevallo honored among National Colleges of Distinction 2018-2019

For the seventh consecutive year, the University of Montevallo has been recognized as one of the nation’s Colleges of Distinction. It continues to be one of only two schools in Alabama marked with the Public College of Distinction achievement.   UM has proven itself to be at the forefront of American higher education with a modern, student-centered approach to teaching. “We are very pleased […]

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Press ReleasesJune 11, 2018

UM Concert Choir completes international concert tour of United Kingdom and France

The UM Concert Choir performed in a variety of prestigious locations across the United Kingdom and France as part of their second international concert tour, May 12-23.   Twenty-seven students, along with conductor Melinda Doyle, featured faculty soloist Roderick George and faculty documentarian Becky Halliday, performed in seven venues over 11 total days, including the historic Notre-Dame Cathedral in Paris and King’s College in Cambridge.  “Traveling is one of the […]

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Press ReleasesJune 8, 2018

UM named one of the best colleges for veterans in 2018

The University of Montevallo is one of the best higher education institutions for U.S veterans, according to a recently released ranking by college review aggregator, College Consensus.  Out of 192 total public and private colleges and universities included in the list, UM is ranked 37th, making it one of only three Alabama colleges included in the top 50.  To be considered, each institution had to meet several specific criteria, […]

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