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.
Dear Students, Faculty and Staff: I am writing today to provide our monthly update regarding the investigation of bias incidents that have occurred on our campus. First, however, I want to address recent events that are deeply troubling to me,…
Based on the continuing widespread impact of the COVID-19 pandemic, the Office of Multicultural Advancement (SUMA) has determined it is best to postpone CBT 2020 until Sept. 9-12, 2021. “We’ve worked very hard to develop a four-day weekend celebration that…
Dear Students, Families, Faculty and Staff: Today, we have welcomed a small group of faculty and staff back to campus, after nearly three months of transitioning to remote work as part of our response to the COVID-19 pandemic. The group…
When Bethaida “Bea” González came to Syracuse at age 3 from her birthplace of Cayey, Puerto Rico, her family settled in an apartment on Adams Street, on the periphery of the Syracuse University campus. She had no way to know…
Within a brief Social Distancing Campaign Student Survey, students are invited and encouraged to share their experience on social distancing practices. Working in partnership with Syracuse University student leadership, this survey will collect anonymous feedback to help guide student communications….
If you need help with your subscription, contact sunews@syr.edu.
