Standard & Poor’s announced that it has raised NSU’s ratings two notches to an “A-” based on S&P’s methodology, citing a diverse program mix, stabilizing enrollment, steady student demand, and improving student quality.
“We continue to work hard toward achieving Vision 2020, and a major part of those efforts is fiscal responsibility,” said Jacqueline Travisano, M.B.A., CPA, NSU’s executive vice president and COO. “Having our ratings raised by Standard & Poor’s is evidence of our commitment to making Vision 2020 a reality, and it’s a clear sign that we’re on the right track.”
This increased rating puts NSU in the single ‘A’ category with other institutions of higher education such as Georgetown University, the University of Miami, and St. John’s University.
"We raised the ratings based on the 'Not-for-Profit Public and Private Colleges and Universities' methodology, published on January 6, 2016, on RatingsDirect," said Standard & Poor's credit analyst Avani Parikh.
When reviewing the university’s rating, S&P also singled out NSU’s “solid management team” that has a track record of operational effectiveness. In addition, S&P assessed NSU’s financial profile as strong, with consistently healthy surpluses in recent years and a high degree of operating flexibility.
The stable outlook reflects S&P’s expectation that during the next two years, NSU's enrollment will remain at least stable, if not grow, while the institution sustains its healthy operating margins and continues to incrementally improve its available resource ratios.