Fitch Ratings has affirmed its long-term triple-A rating on Dartmouth College bonds issued by the New Hampshire Health and Education Facilities Authority, while assigning a stable outlook.
The rating agency praised the Hanover-based Ivy League school for "prudent budgetary actions" that offset losses it suffered during the recent financial crisis.
"Diverse revenues also support the rating and provide the college with a healthy financial cushion," according to the Fitch report.
Dartmouth, founded in 1770, is the ninth-oldest college in the United States and had 6,026 full-time students last fall. Its acceptance and matriculation rates are 11.7% and 51.9%, respectively.
