Standard & Poor’s Reaffirms Duquesne University’s ‘A’ Credit Rating
Standard & Poor's Ratings Services announced that it has reaffirmed its "A" credit rating of Duquesne University. The rating is based on the most recent Standard & Poor's Not-for-Profit Public and Private Colleges and Universities methodology.
According to Standard & Poor's, Duquesne University's ‘A' rating assessment reflects:
- Healthy operating surpluses for each of the past five years
- Stable enrollment at the undergraduate level
- Stable selectivity and matriculation metrics with an above-average student quality
- Moderate maximum annual debt service burden of 3.7 percent of fiscal 2016 operating expenses.
According to the report, "Duquesne's enterprise profile is assessed as strong characterized by stabilizing enrollment and above-average student and faculty quality." The report also assessed "Duquesne's finance profile as strong with historically solid operating performance, growing net tuition revenues and a below average debt burden. These credit factors lead to an indicative stand-alone credit profile of ‘a' and issue rating of ‘A.'"
Duquesne was recently ranked No. 37 by U.S. News and World Report as a Best Value School among national universities. In addition, Forbes rated Duquesne as among the nation's Best Value Colleges in 2016.
Founded in 1878, Duquesne is consistently ranked among the nation's top Catholic universities for its award-winning faculty and horizon-expanding education. A campus of nearly 9,500 graduate and undergraduate students, Duquesne prepares students by having them work alongside faculty to discover and reach their goals. The University's academic programs, community service, and commitment to equity and opportunity in the Pittsburgh region have earned national acclaim.
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