Mercy College Receives Standard & Poor's 'A' Credit Rating

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Designation is college’s first-ever ‘A’ rating; recognizes robust growth and financial stability. Strong leadership places Mercy College among elite institutions of higher education

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“We are honored to receive this prestigious recognition as we continue our mission to provide a high-quality private education to competitive students, enabling graduates to achieve their academic and career goals,” said Dr. Kimberly Cline.

Mercy College today announced it has received an ‘A’ credit rating by Standard & Poor’s Rating Services–evidence of the College’s strong capacity to meet its financial commitments and healthy financial outlook. The ratings agency reported that the College’s executive leadership team is “focused on measurable results,” and noted the College has enjoyed positive growth in enrollment while keeping its tuition low relative to its peers. In assigning the ‘A’ rating with a stable outlook, Standard & Poor’s also cited the College’s low debt, consistent and strong operating margin, careful expense control and healthy financial outlook moving forward.    

Gary Brown, Chairman of the Board of Mercy College, expressed his pleasure with the ‘A’ rating assigned by Standard & Poor’s stating, “This rating reflects strong financial management and financial stewardship. The outstanding progress at the College is a result of the efforts of our committed Board of Trustees and is a credit to the leadership of President Kimberly Cline and her team. We look forward to a solid future for the College with a continued focus on the success of our students.”

The designation marks the first ‘A’ rating by Standard & Poor’s Mercy College has received in its more than 60-year history and the rating reflects the view that over the next two years Mercy College will maintain strong operating margins, achieve its enrollment goals and continue to build its financial resources through long-term investments.

“We are honored to receive this prestigious recognition as we continue our mission to provide a high-quality private education to competitive students, enabling graduates to achieve their academic and career goals,” said Dr. Kimberly Cline, President of Mercy College.

The impressive rating caps a notable year of achievement and unprecedented momentum for Mercy College. For the second year in a row, the College has been recognized as a College of Distinction for 2012-2013 in the areas of engaged students, great teaching, vibrant communities and successful outcomes. The Mercy College Honors Program, one of the oldest in New York State, is listed as a “Smart Choice” in Peterson’s Honors Programs and Colleges.

Proud to be ranked as one of the most affordable, not-for-profit, private institutions in the country, Mercy College is committed to preparing an increasing number of students for rewarding, in-demand careers. The College’s rigorous programs and comprehensive support services provide students with a strong foundation for academic and future success.

The College’s Personalized Achievement Contract (PACT) mentoring program is cited as a core reason for the College’s transformation and its students’ successful outcomes. This revolutionary mentoring program directly addresses the national agenda to raise the number of college graduates in America to the highest in the world by 2020. PACT is a visionary program designed to maximize student success through a comprehensive collaboration between students and highly trained mentors.

The College’s focus on putting students first has resulted in outstanding recognition from a number of prestigious sources, as well as notable developments in its programs. Mercy College highlights include the creation of Centers of Excellence within the School of Business, which will enhance student learning in such areas as Entrepreneurship, Strategic Consulting and Luxury Branding. The Mercy College School of Education received the largest “Race to the Top” grant in New York State -- $2.4 million -- for the cultivation of effective secondary school mathematics teachers. Additionally, the College’s School of Health & Natural Sciences continued its notable momentum this year -- with an impressive 95 percent employment rate for graduates in its four master’s degree programs.

About Mercy College
Founded in 1950, Mercy College is a private, not-for-profit higher education institution that offers more than 90 undergraduate and graduate programs within five prestigious schools: Business, Education, Health and Natural Sciences, Social and Behavioral Sciences, and Liberal Arts. Mercy College offers an engaging and personalized learning experience that includes the College’s revolutionary Personalized Achievement Contract (PACT) program. The Mercy College PACT is the first program of its kind and now serves as a nationally recognized model for mentoring. The PACT program was featured as a “Best Practice” for retention and career services by the National Association of Colleges and Employers (NACE). http://www.mercy.edu/ 877-MERCY-GO.

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