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�ڰ������� received a one-notch upgrade to its  credit rating from BB+ to BBB-, elevating the University to an investment grade status with a “stable” outlook. S&P Global raised their rating based on �ڰ�������’s increasing state appropriations in the past several years, moderation of enrollment declines and the improvement of our financial operations.

“As a result of this upgrade, the University is better positioned to obtain more favorable debt terms due to its creditworthiness,” said President Katrina E. Bell-Jordan. “Additionally, the University can reap several benefits from refinancing, including improved operational flexibility and increased financial resources to invest back in the University community.” 

In April 2022, �ڰ������� received a . Moody’s had given �ڰ������� a three-notch upgrade in December 2021, which marked a significant turnaround for the financial outlook of the University. 

S&P Global’s upgrade reflects expectations that �ڰ������� will continue to manage its expenses in a fiscally responsible manner.  

Factors that could lead to future upgrades include:

• Continued improvement of enrollment trends and demand metrics;
• Improvement in financial operations to sustain consistent surpluses; and
• Continued growth in balance sheet levels.