Summary: Southern Illinois University Board of Trustees Southern Illinois University; Public Coll/Univ - Unlimited Student Fees

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. As of June 30, 2023, total debt outstanding equaled $219.5 million, including $140.3 in HAFS revenue bonds, $24.9 million in COPs, and $54.3 million in lease obligations. Based on unaudited fiscal 2024 financials, we anticipate that SIU

...+ 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....

Summary