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Standard & Poor’s boosts SU’s credit rating outlook
Standard & Poor’s credit ratings services has boosted Syracuse University’s outlook to “positive” from “stable” based on the overall financial position of the University.
According to Standard & Poor’s, SU’s ‘A+’ rating continues to reflect its view of Syracuse’s “comprehensive and diverse programming, stable to growing enrollment and very good demand.” In addition S&P cited “good financial management practices,” “ongoing good financial resource levels” and a “historically low debt service level.”
“I am pleased by the improved outlook and its positive reflection of the University’s financial profile,” says Louis G. Marcoccia, executive vice president and chief financial officer.