CENTENNIAL (S&P Global Ratings) Nov. 5, 2021--S&P Global Ratings revised its outlook to stable from negative and affirmed its 'A' long-term rating on the outstanding bonds of Seattle University (SU), Wash. Where possible, we have reported fiscal 2021 financial data sourced from draft financial statements, and we do not expect material changes to these figures when the university's audit is finalized. "The stable outlook revision reflects our view of SU's solid demand metrics, despite the challenges of the pandemic," said S&P Global Ratings credit analyst Megan Kearns. While enrollment declined modestly in fall 2021 on a full-time-equivalent basis, headcount increased and the first-year class is the largest since fall 2018. "The stable outlook also reflects our view of SU's operating
