Southern Illinois University Board of Trustees Debt Ratings Raised To 'A-' From 'BBB+' On Improved Finances

NEW YORK (S&P Global Ratings) Dec. 19, 2024--S&P Global Ratings raised its long-term rating and underlying rating (SPUR) on Southern Illinois University (SIU) Board of Trustees' housing and auxiliary facilities system (HAFS) revenue bonds to 'A-' from 'BBB+'. S&P Global Ratings also raised its long-term rating on Southern Illinois University's certificates of participation (COPs) outstanding to 'A-' from 'BBB+'. The outlook is stable. "The upgrade reflects our view of the university's stabilizing enrollment trend, increasing cash and investments, and improved state credit quality and support over the last few years," said S&P Global Ratings credit analyst Laura Kuffler-Macdonald. The stable outlook reflects our expectation that the university will continue to slowly grow both undergraduate and graduate enrollment while, at least,

...December 19, 2024 NEW YORK (S&P Global Ratings) Dec. 19, 2024--S&P Global Ratings raised its long-term rating and underlying rating (SPUR) on Southern Illinois University (SIU) Board of Trustees' housing and auxiliary facilities system (HAFS) revenue bonds to 'A-' from '###+'. S&P Global Ratings also raised its long-term rating on Southern Illinois University's certificates of participation (COPs) outstanding to 'A-' from '###+'. The outlook is stable. "The upgrade reflects our view of the university's stabilizing enrollment trend, increasing cash and investments, and improved state credit quality and support over the last few years," said S&P Global Ratings credit analyst Laura Kuffler-Macdonald. The stable outlook reflects our expectation that the university will continue to slowly grow both undergraduate and graduate enrollment while, at least, maintaining current demand metrics. The outlook further reflects our expectation that operations will be maintained at current levels or improve,...

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