NEW YORK (S&P Global Ratings) May 6, 2022--S&P Global Ratings raised its long-term rating and underlying rating (SPUR) to 'BBB+' from 'BBB-' on Southern Illinois University Board of Trustees' housing and auxiliary facilities system (HAFS) revenue bonds and certificates of participation (COPs), issued for Southern Illinois University (SIU). The outlook is stable. At the same time, S&P Global Ratings assigned its 'BBB+' rating with a stable outlook to the university's $41.2 million series 2022A HAFS bonds. We view the HAFS and COPS bond security pledges as equivalent to an unlimited student-fee pledge and therefore rate them the same. "The upgrade is based on the state's improved financial position, which has resulted in the state rating being raised," said S&P Global
