Katherine McCarthy, interim vice president for enrollment management and student affairs, discussed some of the school's recruitment strategies during Thursday's board meeting.
The school has three territorial managers, each assigned to a portion of Kanawha County, other counties in the state and different states, she said. State also recently met with officials at Capital High School in Charleston, and similar meetings are planned with other area high schools, McCarthy said.
"This (downgrade) is not a surprise for us, but we know that we have to improve recruitment and retention, and overall that goes directly into degree completion," Hemphill said.
"We feel good about where we are. Of course we were a little disappointed, but we feel good about where we are, and we appreciated Moody's thorough review," he continued.
There is $3.38 million outstanding on State's 2002 bonds, according to Moody's. That will be covered in part by the 2013 bonds, worth about $2.8 million, the report states. The 2012 bonds sold for about $9.2 million.
The university expects to retire the bonds through increased revenue thanks in part to revenue from the student union and revenue gleaned from capital projects.
The school is renovating Fleming Hall, a large athletic facility on campus and plans to build a new student housing facility. The building will house roughly 300 students on campus, and the university plans to open the facility by the fall of 2014.
University officials interviewed architecture candidates Thursday for the project, Hemphill said. The school will announce the firm it has chosen sometime next week, he said.