Moody’s Investors Service Tuesday upgraded the University of South Alabama’s revenue bonds to A1 from A2 ahead of next month’s sale of $130 million of capital improvement bonds.

The upgrade reflects USA’s continued healthy operating performance, which has aided unrestricted financial resource growth, as well as its established market position with continued enrollment growth and an improving relationship with university’s foundation, according to a report by Moody’s analyst Amy Tanaka.

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