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This version of NSU News has been archived as of February 28, 2019. To search through archived articles, visit nova.edu/search. To access the new version of NSU News, visit news.nova.edu.
This version of SharkBytes has been archived as of February 28, 2019. To search through archived articles, visit nova.edu/search. To access the new version of SharkBytes, visit sharkbytes.nova.edu.
Pride Bite: Nova Southeastern University’s Bond Rating Raised by Standard & Poor’s
S&P Assessed NSU’s Enterprise Profile as ‘Strong’
Standard & Poor’s announced that it has raised Nova Southeastern University’s (NSU) 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 move the university forward toward achieving NSU’s Vision 2020, and an integral part of those efforts is fiscal responsibility,” said NSU President Dr. George Hanbury. “Having received a two-notch upgrade to ‘A-‘ by Standard & Poor’s is 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.
S&P raised the ratings based on the ‘Not-for-Profit Public and Private Colleges and Universities’ methodology, published on January 6, 2016, on RatingsDirect, according to the agency’s press release.
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.