ΊΪΑΟΙη

S&P Global has reaffirmed ΊΪΑΟΙη’s long-term bond rating with an β€œA” grade this month. ΊΪΑΟΙη’s Chief Financial Officer Brian Hutzley said ΊΪΑΟΙη’s β€œA” rating means the college is in a strong position to meet its financial commitments.

S&P Global, a credit rating agency, publishes financial research and analysis on bonds and issues credit ratings for the debt of public and private companies. In January, S&P upgraded the global rating for the nonprofit higher education sector to β€œstable” after four years of negative outlooks.

β€œAn β€˜A’ rating through the pandemic showcases the College’s strength financially,” Hutzley said. β€œA continued history of fiscal discipline helps our rating and gives us opportunity for growth.”

Better ratings mean better credit and lower interest rates, Hutzley said. The S&P report assessed ΊΪΑΟΙη’s enterprise profile as β€œstrong, characterized by its strong student and faculty quality, strong retention, and improving selectivity.”

The College’s financial profile was also strong, β€œcharacterized by its solid and growing available resources and successful fundraising, offset by an elevated maximum annual debt service burden.”