Standard and Poor’s (S&P) credit rating service has assigned Syracuse University 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 Syracuse’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 Syracuse’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 Syracuse University, 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 Syracuse University. “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.
William Pelton and Mary Jane Massie have created the Barringer Pelton Public Service Graduate Scholarship to honor their niece, Jody Barringer ’95, L’98, G’08 (M.P.A.), and support future public servants. After working for a few years as an attorney focused…
Nearly 4,300 new undergraduate students arrived on campus this week, many of them with families and cars filled to the brim. As families help their children settle into their home away from home, they’re also sharing advice for the year…
With a GoPro strapped to his helmet and a microphone clipped to his bike, Chaz Antoine Barracks spent the summer pedaling through Homer, New York, transforming everyday encounters into both scholarship and art. The filmmaker, media scholar and postdoctoral fellow…
Late August in Central New York not only means the return of students to the Syracuse University campus, but also the return of the New York State Fair. The fair is a 13-day festival of entertainment, agricultural exhibitions, cultural performances…
On Aug. 14, the Department of Public Safety (DPS) welcomed families, friends and colleagues of the 9th Peace Officer Academy recruits to a graduation event. The ceremony, held at Drumlins Country Club, was the perfect culmination of their accomplishments over…
If you need help with your subscription, contact sunews@syr.edu.
