Moody’s Investors Service last week revised the outlook on Loyola University of Chicago’s A3 credit to stable from negative because of strong operating performance and cash flow as well as operating improvement initiatives being undertaken by the university’s health system.

The action affects $197 million of outstanding debt issued through the Illinois Finance Authority. The university benefits from solid student demand as Chicago’s only Jesuit Catholic university, with enrollment of more than 14,000, up 47% since 2001.

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