...S&P Global Ratings revised its outlook to stable from negative and affirmed its 'A+' long-term rating on Missouri State University's (MSU) auxiliary enterprise revenue bond series 2015A, 2016A, and 2019A. In addition, S&P Global Ratings affirmed its 'A+' long-term rating to the Missouri Health & Educational Facilities Authority's (MOHEFA) series 2014, 2015, and 2019B educational facilities revenue bonds, issued for MSU. The revision to stable reflects S&P Global Ratings' opinion that state appropriations for operations will be restored for fiscal 2022 and university operations will likely return to positive as a result of the federal and state CARES stimulus funds. Although there may continue to be some pressure on undergraduate enrollment, available resources ratios are still expected to be consistent for the rating. MSU's outstanding debt, as of June 30, 2020, totaled $178.7 million. This includes $117.5 million of auxiliary enterprise system revenue bonds, $55.4 million of MOHEFA bonds,...
