U.S. Not-For-Profit Private Universities' Fiscal 2013 Median Ratios: Despite An Improved Investment Environment, Budget Pressures Continue - S&P Credit Research

U.S. Not-For-Profit Private Universities' Fiscal 2013 Median Ratios: Despite An Improved Investment Environment, Budget Pressures Continue

39 pages (11109 words) — Published Jul 08, 2014
Price $600.00  |  Buy this Report Now

About This Report

  
Abstract:

Although U.S. private colleges and universities continue to face multiple challenges, Standard&Poor's Ratings Services' fiscal 2013 demand and financial medians for this sector have remained stable relative to the previous year. Increased endowment market values due to strong market returns were the primary improvement that strengthened university financial resources. At the same time, our net operating income margin medians have compressed in every category. We believe that this margin compression reflects affordability concerns combined with increased competition for students. Although the higher education sector has been stable for the past 10 years, current economic conditions and the slow recovery from the Great Recession will continue to pressure the sector as a whole, and our lower rated universities in

  
Brief Excerpt:

...Although U.S. private colleges and universities continue to face multiple challenges, Standard & Poor's Ratings Services' fiscal 2013 demand and financial medians for this sector have remained stable relative to the previous year. Increased endowment market values due to strong market returns were the primary improvement that strengthened university financial resources. At the same time, our net operating income margin medians have compressed in every category. We believe that this margin compression reflects affordability concerns combined with increased competition for students. Although the higher education sector has been stable for the past 10 years, current economic conditions and the slow recovery from the Great Recession will continue to pressure the sector as a whole, and our lower rated universities in particular. A historically stable sector with approximately 90% of ratings affirmed each year, higher education was increasingly volatile in 2013, with more rating actions and outlook...

  
Report Type:

Commentary

Sector
Global Issuers, Public Finance, Structured Finance
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Credit Research. "U.S. Not-For-Profit Private Universities' Fiscal 2013 Median Ratios: Despite An Improved Investment Environment, Budget Pressures Continue" Jul 08, 2014. Alacra Store. Dec 22, 2014. <http://www.alacrastore.com/s-and-p-credit-research/U-S-Not-For-Profit-Private-Universities-Fiscal-2013-Median-Ratios-Despite-An-Improved-Investment-Environment-Budget-Pressures-Continue-1346633>
  
APA:
S&P Credit Research. (). U.S. Not-For-Profit Private Universities' Fiscal 2013 Median Ratios: Despite An Improved Investment Environment, Budget Pressures Continue Jul 08, 2014. New York, NY: Alacra Store. Retrieved Dec 22, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/U-S-Not-For-Profit-Private-Universities-Fiscal-2013-Median-Ratios-Despite-An-Improved-Investment-Environment-Budget-Pressures-Continue-1346633>
  
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