Moody’s Investors and Standard & Poor’s Reaffirm University’s Credit Rating
Moody’s Investors Service (Moody’s) has assigned an A2 credit rating to Duquesne University with an outlook that is stable. In its report, Moody’s stated that the University’s “very good credit quality is supported by its niche position as an urban, Catholic university with broad undergraduate and graduate programs.”
Standard & Poor’s Ratings Services (S&P) announced that it has reaffirmed its “A” long-term credit rating of Duquesne with an outlook that is stable. The rating is based on the most recent S&P’s Not-for-Profit Public and Private Colleges and Universities methodology.
In their reports about Duquesne University, both firms highlight:
- Consistently favorable operating surpluses
- Stable enrollment at the undergraduate level
- Moderate debt service burden.
According to Moody’s, “Duquesne’s strong executive leadership team supports its very good strategic position. Operations are regularly favorable, which underscores sound fiscal management and conservative financial plans. To enhance its competitive position, the University regularly evaluates its programs, forges strategic partnerships and adjusts recruitment and outreach strategies.”
The S&P report and Moody’s report are both available online.
Duquesne was recently ranked No. 42 by U.S. News and World Report as a Best Value School among national universities. In addition, U.S. News recently listed the University among the top 25 national universities that operate most efficiently. Forbes rated Duquesne as among the nation’s Best Value Colleges in 2017.