S&P Global Ratings raised its long-term rating on the Oregon Facilities Authority's revenue bonds, issued for the University of Portland, to 'A-' from 'BBB+'. We raised the rating based on our view of the university's growing enrollment, consistent generation of positive operating results with solid net tuition revenue growth, and growing available resources. The outlook is stable. We assessed the University of Portland's enterprise profile as strong characterized by steady enrollment growth supported by solid demand with good geographic diversity. The university also has solid fundraising support with the recent completion of a comprehensive campaign. The enterprise profile is balanced by competition for students with a modest matriculation rate. We assessed the financial profile as strong with solid operating margins
