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Standard and Poor’s (S&P) credit rating service has assigned ���ϲ����� an A-1+ credit rating for its short-term notes program. This is the highest rating of this type assigned by S&P and a reflection of the University’s overall fiscal health and its capacity to meet its borrowing obligations.

“We assessed ���ϲ�����’s enterprise profile as very strong, characterized by a solid management team, a history of stable to slightly growing enrollment and good retention,” the S&P report states. It further states, “We assessed ���ϲ�����’s financial profile as strong, characterized by consistently positive operating surpluses on a full-accrual basis, low debt burden and solid available resource ratios as reflected in the cash and investments.”

A short-term obligation rated “A-1” is in the highest category of S&P Global Ratings and reflects a strong capacity for the obligated party to meet its financial commitment. The added plus sign (+), such as that assigned to ���ϲ�����, indicates that the University’s capacity to meet its financial commitments is extremely strong.

“I am pleased that the University has earned Standard and Poor’s highest credit rating for its short-term notes program,” says Amir Rahnamay-Azar, senior vice president and chief financial officer for ���ϲ�����. “It is a clear indicator of the University’s solid financial health as well as its overall stability within the higher education marketplace.”

The report also reaffirmed the University’s previously assigned AA- long-term credit rating based on its strong operating performance and cash and investment ratios.

S&P Global Ratings is the world’s leading provider of credit ratings on government, corporate, financial sector, and structured finance entities and securities. Its ratings serve as a tool for potential investors to assess risk and gauge an entity’s creditworthiness.