Standard & Poor’s (S&P) credit ratings services has raised Syracuse University’s credit rating based on the overall financial position of the University.
According to S&P, the upgrade (from ‘A+’ to ‘AA-’) reflects the University’s consistently strong operating performance, improved demand profile, growing enrollment and adequate financial resource ratios. S&P notes that overall debt remains low for the rating, which is a key strength of the University, and that “SU has consistently improved its demand and financial metrics over time to the point that the current rating is more in line with the ‘AA’ category.”
S&P also cited the University “good financial management practices, with a pattern of surplus operations, and strong operating results” and the “successful completion of a $1 billion campaign in December 2012.”
“We are pleased by the credit rating upgrade and the positive reflection of the University’s financial profile,” says Executive Vice President and Chief Financial Officer Louis G. Marcoccia.
In April 2011, Standard & Poor’s credit ratings boosted the University’s credit outlook to “positive” from “stable.” S&P last boosted the University’s credit rating in 1999.
Robert Thompson, Trustee Professor and director of the Bleier Center for Television and Popular Culture in the Newhouse School, was quoted in the USA Today story “What’s next for Megyn Kelly? Experts say the options are limited.”
Why do those who volunteer in our military forces come home and cite lack of connection to civilian society? In this The Hill opinion piece, Mike Haynie, Vice Chancellor for Strategic Initiatives and Innovation and founding executive director of the Institute…
Mike Haynie, Vice Chancellor for Strategic Initiatives and Innovation and founding executive director of the Institute for Veterans and Military Families, was interviewed by several outlets leading up to and on Veterans Day. Those that covered Syracuse include: WAER: SU…
Suzanne Lysak, assistant professor of broadcast journalism, was quoted by Multichannel News and Spectrum News in coverage about the revoking of Jim Acosta’s White House press pass.
Mary Lovely, professor of economics in the Maxwell School, was quoted by Business Insider for the story “The government is raking in billions of dollars from Trump’s tariffs.”
If you need help with your subscription, contact sunews@syr.edu.
