Ratings Agency Moodys scores Western Sydney U at Aa2, “subject to low credit risk”

This pleases indeed WSU management. Vice Chancellor Barney Glover says, “the credit rating achieved significantly underpins our plans for the future, so we can continue to be flexible and responsive when it comes to serving the growing Western Sydney region.”

The university now has $162m in borrowings, with total facilities of $298m, “for the construction of new facilities, other infrastructure and working capital purposes.”

But WSU also has assets that it plans to make money –  200 hectares of “non-core land” which the university will develop and reinvest.