UCAR maintains A+ long-term credit rating

S&P cites leadership role, financial flexibility

July 21, 2016

BOULDER — The A+ long-term bond rating for the University Corporation for Atmospheric Research (UCAR) has been affirmed by the credit rating agency Standard & Poor's (S&P).

The A+ rating reflects UCAR's role as a leading organization supporting atmospheric and earth-system science, and its ability to increase its financial strength, S&P stated in the report last month.

UCAR, a consortium of more than 100 colleges and universities, manages the National Center for Atmospheric Research (NCAR) under sponsorship by the National Science Foundation (NSF). The organization has an annual budget of more than $200 million.

UCAR headquarters in FLA
The Anthes Building in Boulder houses UCAR's administrative staff. (©UCAR. Photo by Carlye Calvin. This image is freely available for media & nonprofit use.)

In its report, S&P cited a number of UCAR's strengths: financial flexibility, stable membership, longstanding relationship with NSF, manageable debt, and solid operating performance.

Melissa Miller, UCAR vice president of finance and administration, said the organization works hard to maintain a high credit rating, which translates into lower costs for its funders.

Bonds have been issued over the years to procure and equip facilities.

"UCAR is vigilant in taking the necessary steps to ensure continued sound fiscal management amid a frequently changing financial landscape," Miller said.

 


*Media & nonprofit use of images: Except where otherwise indicated, media and nonprofit use permitted with credit as indicated above and compliance with UCAR's terms of use. Find more images in the NCAR|UCAR Multimedia & Image Gallery.

The University Corporation for Atmospheric Research manages the National Center for Atmospheric Research under sponsorship by the National Science Foundation. Any opinions, findings and conclusions, or recommendations expressed in this publication are those of the author(s) and do not necessarily reflect the views of the National Science Foundation.