S&P Global Ratings is keeping in place a negative outlook on the U.S. not-for-profit higher education sector’s bond rating stability for the fourth straight year and also has a negative outlook for universities it rates outside the country.
The ratings agency issued the outlook this week in an annual report on the higher education sector. Universities inside and outside the United States face short-term challenges because of COVID-19 that make enrollment, revenue, operating margins and recovery prospects uncertain, S&P determined.
