Wayland gets good marks ahead of borrowing this week - KCBD NewsChannel 11 Lubbock

9/19/10

Wayland gets good marks ahead of borrowing this week

By James Clark | email

LUBBOCK, TX (KCBD) - One of the area's biggest institutions of higher learning gets a clean bill of health for its finances.  Later this week, Wayland Baptist University turns to public investors to borrow $31.6 million dollars for both refinancing and new construction projects. 

A company called Fitch gives Wayland an A- rating, saying the university has $63.4 million in reserves.  That's a combination of cash and real estate.  Wayland has 1,260 students at its Plainview campus and 4,670 at its satellite campuses worldwide.

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