University of Pittsburgh Series 2018 PANTHERS Debt Rated 'AA+'; Various Ratings Affirmed - S&P Global Ratings’ Credit Research

University of Pittsburgh Series 2018 PANTHERS Debt Rated 'AA+'; Various Ratings Affirmed

University of Pittsburgh Series 2018 PANTHERS Debt Rated 'AA+'; Various Ratings Affirmed - S&P Global Ratings’ Credit Research
University of Pittsburgh Series 2018 PANTHERS Debt Rated 'AA+'; Various Ratings Affirmed
Published Aug 15, 2018
3 pages (1344 words) — Published Aug 15, 2018
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Abstract:

CHICAGO (S&P Global Ratings) Aug. 15, 2018--S&P Global Ratings has assigned its 'AA+' rating to the University of Pittsburgh - Of the Commonwealth System of Higher Education's (Pitt) $110 million PANTHERS (Pitt asset notes-tax-exempt higher education registered series of 2018). At the same time, S&P Global Ratings affirmed its 'AA+' and 'AA+/A-1+' ratings on Pitt's existing debt. The outlook on all long-term ratings 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 solid available resource ratios for the rating category. When

  
Brief Excerpt:

...CHICAGO (S&P Global Ratings) Aug. 15, 2018--S&P Global Ratings has assigned its '##+' rating to the University of Pittsburgh - Of the Commonwealth System of Higher Education's (Pitt) $110 million PANTHERS (Pitt asset notes-tax-exempt higher education registered series of 2018). At the same time, S&P Global Ratings affirmed its '##+' and '##+/A-1+' ratings on Pitt's existing debt. The outlook on all long-term ratings 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 solid available resource ratios for the rating category. When combined, the enterprise and financial profiles result in a stand-alone credit profile of '##+' and a '##+' long-term rating," said S&P Global Ratings credit...

  
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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 Series 2018 PANTHERS Debt Rated 'AA+'; Various Ratings Affirmed" Aug 15, 2018. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/University-of-Pittsburgh-Series-2018-PANTHERS-Debt-Rated-AA-Various-Ratings-Affirmed-2086956>
  
APA:
S&P Global Ratings’ Credit Research. (). University of Pittsburgh Series 2018 PANTHERS Debt Rated 'AA+'; Various Ratings Affirmed Aug 15, 2018. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/University-of-Pittsburgh-Series-2018-PANTHERS-Debt-Rated-AA-Various-Ratings-Affirmed-2086956>
  
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