University Of Pittsburgh Series 2021 PANTHERS Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research

University Of Pittsburgh Series 2021 PANTHERS Assigned 'AA+' Rating

University Of Pittsburgh Series 2021 PANTHERS Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research
University Of Pittsburgh Series 2021 PANTHERS Assigned 'AA+' Rating
Published Mar 25, 2021
3 pages (1443 words) — Published Mar 25, 2021
Price US$ 150.00  |  Buy this Report Now

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Abstract:

CHICAGO (S&P Global Ratings) March 25, 2021--S&P Global Ratings assigned its 'AA+' rating to the University of Pittsburgh- Of the Commonwealth System of Higher Education's (Pitt) $185 million PANTHERS fixed rate notes (Pitt Asset Notes-Tax-Exempt Higher Education Registered Series 2021). 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 adequate available resource ratios for the rating category. The ratings reflects

  
Brief Excerpt:

...March 25, 2021 CHICAGO (S&P Global Ratings) March 25, 2021--S&P Global Ratings assigned its '##+' rating to the University of Pittsburgh- Of the Commonwealth System of Higher Education's (Pitt) $185 million PANTHERS fixed rate notes (Pitt Asset Notes-Tax-Exempt Higher Education Registered Series 2021). 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 adequate available resource ratios for the rating category. The ratings reflects our assessment of Pitt's: - Stable enrollment, solid student demand, and strong student quality; - Historically positive...

  
Report Type:

Ratings Action

Issuer
University of Pittsburgh of the Commonwealth System of Higher Education
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "University Of Pittsburgh Series 2021 PANTHERS Assigned 'AA+' Rating" Mar 25, 2021. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/University-Of-Pittsburgh-Series-2021-PANTHERS-Assigned-AA-Rating-3124084>
  
APA:
S&P Global Ratings’ Credit Research. (). University Of Pittsburgh Series 2021 PANTHERS Assigned 'AA+' Rating Mar 25, 2021. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/University-Of-Pittsburgh-Series-2021-PANTHERS-Assigned-AA-Rating-3124084>
  
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