Missouri Southern State University Bond Rating Lowered To 'BBB' On Declining Enrollment; Outlook Is Negative - S&P Global Ratings’ Credit Research

Missouri Southern State University Bond Rating Lowered To 'BBB' On Declining Enrollment; Outlook Is Negative

Missouri Southern State University Bond Rating Lowered To 'BBB' On Declining Enrollment; Outlook Is Negative - S&P Global Ratings’ Credit Research
Missouri Southern State University Bond Rating Lowered To 'BBB' On Declining Enrollment; Outlook Is Negative
Published Nov 26, 2019
2 pages (1216 words) — Published Nov 26, 2019
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Abstract:

CHICAGO (S&P Global Ratings) Nov. 26, 2019--S&P Global Ratings has lowered its rating on Missouri Southern State University's (MSSU) existing auxiliary enterprise system revenue bonds to 'BBB' from 'BBB+'. The outlook is negative. At the same time, S&P Global Ratings assigned its 'BBB' long-term rating to MSSU's series 2019 auxiliary enterprise system revenue bonds. "The downgrade reflects our opinion of recent enrollment declines, which have persisted through fall 2019 as the university welcomed one of its smallest freshmen classes, along with weakening demand metrics such as selectivity and matriculation," said S&P Global Ratings credit analyst Gauri Gupta. In addition, the university has sustained operating deficits for the past few fiscal years, including 2019, and expects to continue to generate full

  
Report Type:

Ratings Action

Issuer
Missouri Southern State University
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Missouri Southern State University Bond Rating Lowered To 'BBB' On Declining Enrollment; Outlook Is Negative" Nov 26, 2019. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Missouri-Southern-State-University-Bond-Rating-Lowered-To-BBB-On-Declining-Enrollment-Outlook-Is-Negative-2347449>
  
APA:
S&P Global Ratings’ Credit Research. (). Missouri Southern State University Bond Rating Lowered To 'BBB' On Declining Enrollment; Outlook Is Negative Nov 26, 2019. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Missouri-Southern-State-University-Bond-Rating-Lowered-To-BBB-On-Declining-Enrollment-Outlook-Is-Negative-2347449>
  
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