Nova Southeastern University’s Bond Rating Raised
by Standard & Poor’s
S&P Assessed NSU’s Enterprise Profile as ‘Strong’
FORT LAUDERDALE-DAVIE, Fla. – 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.
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About Nova Southeastern University (NSU): Located in beautiful Fort Lauderdale, Florida, Nova Southeastern University (NSU) is a dynamic research institution dedicated to providing high-quality educational programs at the undergraduate, graduate, and first-professional degree levels. A private, not-for-profit institution with more than 26,000 students, NSU has campuses in Fort Lauderdale, Fort Myers, Jacksonville, Miami, Miramar, Orlando, Palm Beach, and Tampa, Florida, as well as San Juan, Puerto Rico, while maintaining a presence online globally. For more than 50 years, NSU has been awarding degrees in a wide range of fields, while fostering groundbreaking research and an impactful commitment to community. Classified as a research university with “high research activity” by the Carnegie Foundation for the Advancement of Teaching, NSU is 1 of only 37 universities nationwide to also be awarded Carnegie’s Community Engagement Classification, and is also the largest private, not-for-profit institution in the United States that meets the U.S. Department of Education’s criteria as a Hispanic-serving Institution. Please visit www.nova.edu for more information about NSU and realizingpotential.nova.edu for more information on the largest fundraising campaign in NSU history.