Summary: Washington Higher Education Facilities Authority Seattle University; Private Coll/Univ - General Obligation

S&P Global Ratings affirmed its 'A' long-term rating and underlying rating (SPUR) on the Washington Higher Education Facilities Authority's various revenue bonds issued for Seattle University. The outlook is stable. We assessed Seattle University's enterprise profile as strong, characterized by a stable market position and demand bolstered by an uptick in applications at the undergraduate level, despite only standard matriculation and selectivity rates. We also assessed Seattle University's financial profile as strong, reflecting a low debt burden and average financial resources offset by a fourth consecutive year of positive operating performance, and a concentrated revenue base. Combined, we believe these credit factors lead to an indicative standalone credit profile of 'a' and final rating of 'A'. The 'A' ratings reflect

...S&P Global Ratings affirmed its 'A' long-term rating and underlying rating (SPUR) on the Washington Higher Education Facilities Authority's various revenue bonds issued for Seattle University. The outlook is stable. We assessed Seattle University's enterprise profile as strong, characterized by a stable market position and demand bolstered by an uptick in applications at the undergraduate level, despite only standard matriculation and selectivity rates. We also assessed Seattle University's financial profile as strong, reflecting a low debt burden and average financial resources offset by a fourth consecutive year of positive operating performance, and a concentrated revenue base. Combined, we believe these credit factors lead to an indicative standalone credit profile of 'a' and final rating of 'A'. The 'A' ratings reflect our view of Seattle University's strengths:...

Summary