May 15, 2021

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Alabama Newscenter — S&P Global Ratings Improve UAB’s Financial Outlook Even Amid Higher Ed Uncertainty : The Alabama Weather Blog

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The complete article can be found at AlabamaNewsCenter.com.

By Alicia Rohan

S&P Global Ratings has revised its outlook for the University of Alabama at Birmingham bond rating from stable to positive and affirmed its “AA” long-term rating on general revenue bonds issued by the board of trustees of the University of Alabama System, citing increases in enrollment and employment, as well as UAB’s strategic plan, “Forging the Future,” and the institution’s ability to safely navigate the pandemic.

According to S&P, “The revised positive outlook and rating reflect UAB’s favorable performance through the global pandemic to date with an increasing enrollment trend, healthy financial operating performance, ample available resources for the rating and a low debt burden.”

A higher credit rating and outlook are overall indicators of UAB’s financial position and improve the institution’s ability to borrow money at a lower cost and to sell bonds, supporting investment in institutional priorities and strategic growth.

Click HERE to see the full article on the Alabama NewsCenter website.

Category: ALL POSTS, Partner News Stories

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Alabama News Center tels the stories of the people and businesses powering the states of Alabama, striving to make Alabama a wonderful place to live and work.

Alabama News Center

2021-04-12 19:00:33

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