University of Pittsburgh, PA Ratings On Various Bonds Raised To 'AA+' Due To Strong Demand, Solid Operating Performance - S&P Global Ratings’ Credit Research

University of Pittsburgh, PA Ratings On Various Bonds Raised To 'AA+' Due To Strong Demand, Solid Operating Performance

University of Pittsburgh, PA Ratings On Various Bonds Raised To 'AA+' Due To Strong Demand, Solid Operating Performance - S&P Global Ratings’ Credit Research
University of Pittsburgh, PA Ratings On Various Bonds Raised To 'AA+' Due To Strong Demand, Solid Operating Performance
Published Jun 10, 2014
Published Jun 10, 2014
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Abstract:

CHICAGO (Standard&Poor's) June 10, 2014--Standard&Poor's Ratings raised its long-term rating to 'AA+' from 'AA' and its dual ratings to 'AA+/A-1+' from 'AA/A-1+' on the University of Pittsburgh, Penn.'s (UP or the university) existing debt. At the same time, Standard&Poor's assigned its 'SP-1+' rating to UP's $100 million series 2014 Pitt asset notes. The 'SP-1+' rating is based on UP's history of solid market access and overall credit quality. The outlook, where applicable, is stable. "The raised ratings reflect our view of UP's strong demand and enrollment measures, which have continually improved during the past decade," said Standard&Poor's credit analyst Jessica Wood. "Further supporting the rating is our view of UP's good revenue

  
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Ratings Action

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Global Issuers, Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "University of Pittsburgh, PA Ratings On Various Bonds Raised To 'AA+' Due To Strong Demand, Solid Operating Performance" Jun 10, 2014. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/University-of-Pittsburgh-PA-Ratings-On-Various-Bonds-Raised-To-AA-Due-To-Strong-Demand-Solid-Operating-Performance-1330931>
  
APA:
S&P Global Ratings’ Credit Research. (). University of Pittsburgh, PA Ratings On Various Bonds Raised To 'AA+' Due To Strong Demand, Solid Operating Performance Jun 10, 2014. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/University-of-Pittsburgh-PA-Ratings-On-Various-Bonds-Raised-To-AA-Due-To-Strong-Demand-Solid-Operating-Performance-1330931>
  
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