East Carolina University, NC Rating Outlook Revised To Negative On Lower Enrollment; Weak Selectivity, Matriculation - S&P Global Ratings’ Credit Research

East Carolina University, NC Rating Outlook Revised To Negative On Lower Enrollment; Weak Selectivity, Matriculation

East Carolina University, NC Rating Outlook Revised To Negative On Lower Enrollment; Weak Selectivity, Matriculation - S&P Global Ratings’ Credit Research
East Carolina University, NC Rating Outlook Revised To Negative On Lower Enrollment; Weak Selectivity, Matriculation
Published Sep 21, 2020
3 pages (1383 words) — Published Sep 21, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Sept. 21, 2020--S&P Global Ratings revised the outlook on its 'AA-' rating on University of North Carolina Board of Governors' revenue debt, issued for East Carolina University (ECU), to negative from stable. At the same time, S&P Global Ratings assigned its 'AA-' rating and negative outlook to University of North Carolina Board of Governors' roughly $15.24 million series 2020 revenue bonds, issued for ECU, and affirmed its 'AA-' rating on ECU's existing debt. The negative outlook reflects S&P Global Ratings' opinion that enrollment will likely remain challenged, evidenced by recent weakened selectivity and matriculation; we expect COVID-19 to exacerbate this pressure. We expect that available resource ratios, currently below medians, will likely remain pressured. The

  
Report Type:

Ratings Action

Issuer
East Carolina University
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "East Carolina University, NC Rating Outlook Revised To Negative On Lower Enrollment; Weak Selectivity, Matriculation" Sep 21, 2020. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/East-Carolina-University-NC-Rating-Outlook-Revised-To-Negative-On-Lower-Enrollment-Weak-Selectivity-Matriculation-2517746>
  
APA:
S&P Global Ratings’ Credit Research. (). East Carolina University, NC Rating Outlook Revised To Negative On Lower Enrollment; Weak Selectivity, Matriculation Sep 21, 2020. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/East-Carolina-University-NC-Rating-Outlook-Revised-To-Negative-On-Lower-Enrollment-Weak-Selectivity-Matriculation-2517746>
  
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