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Financial Statement Summary

Pine Manor College is financially sound owing to the financial support and backing that it receives from Boston College as explained in note 1 to the financial statements of June 30, 2020. As of 6/30/20, Pine Manor College entered into a definitive agreement with Boston College that assures the financial viability of Pine Manor College. Boston College is a financially strong institution. It carries a published Moody’s credit rating of AA3 which points out a very strong ability to pay its obligations. Institutions with this credit rating are very likely to maintain their ability to meet their financial obligations and remain in operation. To better understand the financial strength behind Pine Manor College, the following link to Boston College is recommended for further review:

https://www.bc.edu/content/dam/bc1/offices/FVP/BostonCollegeFinancialStatementSummary2019-2020.pdf

and

https://www.bc.edu/content/dam/bc1/offices/FVP/FY20_BostonCollegeAuditedFinancialStatements_9.25.2020.pdf