U Tas a good risk

The university will issue a $200m green bond, to pay for sustainable campus construction (CMM February 24 )

Ratings agency Moodys  assigned the university Aa2 in December  which is mid-range for “obligations … judged to be of high quality” (and) “subject to very low credit risk.”

The rating reflects “the university’s solid standalone credit quality and support provided by the stable institutional framework for universities in Australia.”

Positives for U Tas include it being, “a key institution to develop and implement state policy, with state law reform undertaken by UTAS (on behalf of government), as well as various partnerships including management of fisheries and biohazards.”

Possible negatives might be “delays, cost overruns or risk management practices proving less effective than assumed” for the building programme at Launceston and the major move from suburban Sandy Bay into Hobart’s city.