S&P Global affirms strong credit rating with positive outlook | Illinois State University
S&P Global affirms strong credit rating with positive outlook | Illinois State University
Illinois State University continues to receive good news regarding its credit profile.
S&P Global Ratings has once again affirmed the University’s already solid A- rating with a positive outlook on bonds issued for the University by the Board of Trustees. The rating is based on the University’s continued strong enrollment and financial health.
“This affirmation is great news and provides our current debt investors, as well as future lenders, with continued assurance about the strength of Illinois State’s fiscal position” said Vice President for Finance and Planning Dan Stephens. “With this quality rating, we will continue to attract both regional and national lenders who can offer ISU competitive interest rates.”
According to the recent S&P Global Ratings report for Illinois State: “The positive outlook reflects consistent full-accrual surpluses, growth in the university’s balance sheet, and improvements in the state’s credit quality leading to a more favorable state funding environment.”
Original source can be found here.
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