S&P rates outlook ‘stable’ for Ave Maria
Standard & Poor’s Ratings Services has pronounced a “stable outlook” for Ave Maria University.
Standard & Poor’s awarded the Collier County school an investment rating of BBB- after reviewing its finances.
“The rating reflects our opinion that management’s plan to mature and stabilize operations will be realized over the next few years as the university builds its cash and liquid investment position,” said Standard & Poor’s credit analyst Carolyn McLean in a news release.
“This validation by Standard & Poor’s will have an immediate, positive financial impact,” he said. “The university is likely to be able to refund its bonds and take advantage of the historically low interest rates now available in the credit markets, and thereby save millions of dollars.”
Ave Maria is expected to reach more than 1,000 students this fall.
Salvatori, Wood & Buckel honored
Salvatori, Wood & Buckel has been recognized as a member of the Attorneys’ Title Fund Service’s President’s Circle for its work in 2012.
Fewer than 2 percent of the fund’s member firms in 2012 received this distinction.
Salvatori, Wood & Buckel is a Naples law firm. Information: www.swbnaples.com
Siegel named to advisory council
Benjamin R. Siegel, deputy executive director of administration for the Lee County Port Authority, was named to the Lutgert School of Business Advisory Council at Florida Gulf Coast University.
The council is an independent organization providing advice, opinions, ideas, support and assistance to the Lutgert College of Business at FGCU in planning, development, evaluation and strengthening of its mission, academic programs and community outreach. Siegel, who will serve a three-year term, received his bachelor’s degree from the University of South Florida. Information: www.flylcpa.com