On the mend

Re 'Regent's financial outlook bumpy, bond agency says,' front page, July 2: Here is some additional information that shows Regent University is well on the road to leveling those bumps.

The article is based on a recent Moody's Investor Services rating update for Regent. The Moody's report clearly shows that the university has taken aggressive steps to create a sustainable budget model. While some fiscal challenges remain, the outlook for Regent is quite strong overall.

The Pilot article omitted a number of positive statements by Moody's, including the improvement in cash flow, 'strong' increases in undergraduate enrollment, a 10 percent increase in net tuition revenue, and an increase in accepted applications.

It's true that Regent like so many other universities is feeling the effects of what has been termed 'The Great Recession.'

Even so, Regent can point to many positive factors its recent re-accreditation, strong projected growth for the fall term, new entrepreneurial programs in traditional and non-traditional formats and ongoing fiscal reviews to ensure high efficiency and quality.

These facts lead to a reasonable conclusion that Regent is well-positioned to continue serving Hampton Roads and the larger global community with excellence.

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