The credit rating agency DBRS has confirmed Concordia University’s senior unsecured debt rating at “A” with a stable trend.
The university’s credit profile continues to be supported by rising enrolment, an affordable debt burden with no unfunded capital needs and improving fiscal management practices that should help manage expenditures within a difficult operating environment, the rating agency said on April 1.
“I am pleased that DBRS has confirmed Concordia’s debt rating and recognized the steps that the university is taking to improve on already sound fiscal management practices,” said Concordia Chief Financial Officer Patrick Kelley.
DBRS is a globally recognized provider of timely credit rating opinions. Based in Toronto, with offices in New York, Chicago and London, DBRS is independently owned and operated.
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