...December 15, 2021 CENTENNIAL (S&P Global Ratings) Dec. 15, 2021--S&P Global Ratings assigned its 'A-' issuer credit rating (ICR) to Holy Family University (HFU), Pa. The outlook is stable. An ICR reflects the obligor's general creditworthiness. The rating is not specific to a given debt issue as it does not consider the security and other credit and legal characteristics for a given debt issue. "We assessed HFU's enterprise profile as strong, characterized by stable enrollment, solid retention, and moderate discounting, despite the university's location in a region with challenging demographics," said S&P Global Ratings credit analyst Megan Kearns. "We also assessed HFU's financial profile as strong, with most of the university's debt scheduled to amortize in the next 10 years and excellent operating margins driven by growth in net tuition revenue." We believe these credit factors lead to an indicative stand-alone credit profile of 'a'. As our criteria indicate, the final rating can be...
