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.
Mark Monmonier, Distinguished Professor of geography and the environment in the Maxwell School, was cited in The Washington Post opinion article “America’s maps are still filled with racist place names.” Monmonier, an expert on the history of cartography and map…
The stadium renovation project was noted in more than 400 outlets that reported on the Syracuse University football team’s win over Georgia Tech Saturday, including The Washington Post, The Associated Press, ESPN, Newsday and the Atlanta Journal-Constitution.
Kent Syverud, Chancellor and President, was quoted about the first phase of the stadium renovation project in more than 100 media outlets, including Yahoo! Finance, Business Insider, multiple Fox News regional stations, Morningstar, and syracuse.com. “From graduations to great moments…
Francine D’Amico, teaching professor of international relations in the Maxwell School, was interviewed for the Christian Science Monitor story “At UN assembly quieted by a pandemic, the US-China clash is loud.” In the most recent U.N. meeting, Secretary-General António Guterres…
Robert Thompson, Trustee Professor of television, radio and film in the Newhouse School and director of the Bleier Center for Television and Popular Culture, was interviewed for the KRSO radio segment “Dr. Robert Thompson With A Recap Of The Emmy’s.”…
If you need help with your subscription, contact sunews@syr.edu.
