SAN FRANCISCO (S&P Global Ratings) May 14, 2021--S&P Global Ratings revised its outlook to stable from negative and affirmed its 'A' long-term rating and underlying rating (SPUR) on the University of North Alabama's (UNA) outstanding general fee revenue bonds. "The outlook revision reflects S&P Global Ratings' opinion of UNA's solid demand despite the effects of the COVID-19 pandemic and continued positive operating margins," said S&P Global Ratings credit analyst Mary Ellen Wriedt. "We expect enrollment will continue to grow as the university has various recruitment strategies that are proving to be successful, and while available resources are low compared with rating category medians, we do not expect further weakening." We could take a negative rating action if the university's positive
