University of Pittsburgh of the Commonwealth System of Higher Education; Public Coll/Univ - Unlimited Student Fees - S&P Global Ratings’ Credit Research

University of Pittsburgh of the Commonwealth System of Higher Education; Public Coll/Univ - Unlimited Student Fees

University of Pittsburgh of the Commonwealth System of Higher Education; Public Coll/Univ - Unlimited Student Fees - S&P Global Ratings’ Credit Research
University of Pittsburgh of the Commonwealth System of Higher Education; Public Coll/Univ - Unlimited Student Fees
Published May 19, 2025
Published May 19, 2025
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About This Report

  
Abstract:

S&P Global Ratings affirmed its 'AA+' ratings and 'AA+/A-1+' ratings on the University of Pittsburgh of the Commonwealth System of Higher Education's (Pitt) debt outstanding. The outlook, where applicable, is stable. The university has total debt outstanding of approximately $2.1 billion as of fiscal year-end 2024, including all finance (capital and operating) leases. All debt is secured by a general obligation pledge. Pitt's debt portfolio, including bonds and notes, is majority fixed rate and all variable-rate debt is synthetically fixed with interest rate swaps. Management reports it plans to refinance the 2021 PANTHERS in fall 2025 and could potentially issue additional debt at that time; we have not included any additional debt in our assessment at this time. The 'AA+/A-1+'

  
Report Type:

Full Report

Issuer
University of Pittsburgh of the Commonwealth System of Higher Education
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "University of Pittsburgh of the Commonwealth System of Higher Education; Public Coll/Univ - Unlimited Student Fees" May 19, 2025. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/University-of-Pittsburgh-of-the-Commonwealth-System-of-Higher-Education-Public-Coll-Univ-Unlimited-Student-Fees-3372207>
  
APA:
S&P Global Ratings’ Credit Research. (). University of Pittsburgh of the Commonwealth System of Higher Education; Public Coll/Univ - Unlimited Student Fees May 19, 2025. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/University-of-Pittsburgh-of-the-Commonwealth-System-of-Higher-Education-Public-Coll-Univ-Unlimited-Student-Fees-3372207>
  
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