Summary: University of Pittsburgh; Note; Public Coll/Univ - Unlimited Student Fees

S&P Global Ratings has assigned its 'AA+' rating to the University of Pittsburgh - Of the Commonwealth System of Higher Education's (Pitt) $110 million PANTHERS (Pitt Asset Notes-Tax-Exempt Higher Education Registered Series of 2018). At the same time, S&P Global Ratings affirmed its 'AA+' and 'AA+/A-1+' ratings on Pitt's existing debt. The outlook, where applicable, is stable. We assess Pitt's enterprise profile as extremely strong, reflecting the comprehensive research-based university's strong demand and enrollment measures as well as its solid senior management team. We assess the university's financial profile as very strong, reflecting good revenue diversity, strong and consistent financial operating performance, and solid available resource ratios for the rating category. When combined, the enterprise and financial profiles result in

...S&P Global Ratings has assigned its '##+' rating to the University of Pittsburgh - Of the Commonwealth System of Higher Education's (Pitt) $110 million PANTHERS (Pitt Asset Notes-Tax-Exempt Higher Education Registered Series of 2018). At the same time, S&P Global Ratings affirmed its '##+' and '##+/A-1+' ratings on Pitt's existing debt. The outlook, where applicable, is stable. We assess Pitt's enterprise profile as extremely strong, reflecting the comprehensive research-based university's strong demand and enrollment measures as well as its solid senior management team. We assess the university's financial profile as very strong, reflecting good revenue diversity, strong and consistent financial operating performance, and solid available resource ratios for the rating category. When combined, the enterprise and financial profiles result in a stand-alone credit profile of '##+' and a '##+' long-term rating. The '##+/A-1+' rating on the variable-rate demand bonds (VRDBs) reflects the university's...

Summary