S&P Global Ratings assigned its 'A-' issuer credit rating (ICR) to YMCA of the USA (Y-USA), Ill. The outlook is stable. An ICR reflects the obligor's general creditworthiness, focusing on its capacity and willingness to meet financial commitments in a timely manner. The rating is not specific to a given debt issue as it does not consider the security and other credit and legal characteristics for a given debt issue. As of Dec. 31, 2022, the Y-USA had about $25 million in outstanding debt, including $20 million of leases and a loan for about $4.5 million outstanding in which the Y plans to pay off in November. The Y-USA has no additional debt plans. The rating reflects our view of
