Achievement of an investment grade bond rating and the ability to obtain bond insurance attest to the financial stability of Southeastern. During the 2003-2004 fiscal year, the University obtained approval through the University of Louisiana System
to partner with Capstone Development, in order to upgrade the entire housing inventory for the University (item G.2). The approval was updated as per Board minutes of June 25, 2004
The University, through University Facilities, Inc. and the Louisiana Local Government Environment Facilities and Community Development Authority, has the authority to issue up to $85,000,000 in revenue bonds to complete this renovation. Moody's Investor Services evaluated the financial strengths of the University's Facilities, Inc. and Southeastern Louisiana University and issued a Baa1 Bond rating. A 2004 Moody's Opinion Letter
describes the University as one with increasing student demand and stable enrollment, despite new admissions standards; strategic importance of and demand for improved housing facilities; sound financial operations and satisfactory debt service coverage; and an adequate resource base and limited borrowing plans. As a result, the University has obtained bond insurance through MBIA, which subsequently led to a Aaa Moody's designation.