...January 18, 2023 SAN FRANCISCO (S&P Global Ratings) Jan. 18, 2023--S&P Global Ratings revised its outlook to stable from negative and affirmed its '##' long-term rating on University of Southern California's (USC or the university) revenue bonds. "The outlook revision reflects expendable resources that are improving, though remain only adequate for the rating, and are expected to continue to improve with solid operating margins and fundraising. Further, the outlook revision reflects the final resolution of payments in fiscal 2022 of prior legal settlements," said S&P Global Ratings credit analyst Mary Ellen Wriedt. The stable outlook reflects our expectation that USC will maintain its robust demand profile, operating performance will remain positive on a full-accrual basis, and the university will maintain or grow available resources in the next two years. We could consider a negative rating action should available resources ratios decline significantly from current levels or if the university...
