S&P Global Ratings assigned its 'SP-1+' rating to the University of Pittsburgh - Of the Commonwealth System of Higher Education (Pitt)'s $70 million series 2016 PANTHERS (Pitt Asset Notes - Tax-Exempt Higher Education Registered Series). At the same time, we affirmed our 'AA+', 'AA+/A-1+', and 'SP-1+' ratings on UP's existing debt. The outlook, where applicable, is stable. We assessed Pitt's enterprise profile as extremely strong, based on the comprehensive research-based university's strong demand and enrollment measures that have continually improved during the past decade as well as its solid management team and practices. We assessed the university's financial profile as very strong, due to good revenue diversity, strong financial operating performance, and solid available resource ratios for the rating category.
