Analysts at Fitch Ratings have affirmed their top-shelf rating on the commercial paper portfolio of Vanderbilt University, saying the university — where the flagship medical complex has had a rough year — remains on a sound financial footing overall.
To supplement internal liquidity sources, the university maintains the ability to draw on dedicated hybrid lines of credit in the aggregate amount of $400 million. Of Vanderbilt's substantial cash and investments, approximately $832.6 million, [...] was available on a same- or next-day basis as of Sept. 30, 2013.
Cumberland University has promoted Meredith McDowell to assistant athletic director, putting her in charge of fundraising. McDowell, who earned her MBA from Cumberland in 2011, had been managing the Lebanon school's annual fund since last year. The Wilson Post has more.
POSTDATA: WARRANTY DEEDS