Earning a "rare" AAA credit rating from Moody's this past month -- went a long ways in helping Notre Dame raise $400 million in bonds on Wall Street at an all-time record low interest rate for a 30-year corporate bond.
To put this in perspective -- there are only THREE U.S. CORPORATIONS with a AAA credit rating from Moody's; Johnson & Johnson, Exxon-Mobil and Microsoft.
Moody's cited the university's "national prominence," its history of strong fund raising and robust demand from students to attend the school.
See this CNN/Money story:
LINK: "STELLAR REPUTATION"
LINK: BLOOMBERG -- WHY VERY FEW HAVE AAA RATING
