Trent University’s credit rating has been confirmed at “A” with a stable outlook in a rating sheet issued by DBRS Morningstar on December 19, 2019.
“The University is pleased to see a rating reflective of our prudent fiscal management, our robust enrolment growth and relatively low debt burden,” explains Dr. Leo Groarke, Trent’s president and vice-chancellor. “As we continue to grow our campuses, we are balancing the student experience with leadership in innovation to continue Trent on this positive trajectory.”
Among the reasons for Trent’s strong credit rating, the release from DBRS Morningstar cites:
- The University’s strong enrolment growth of 7.7% in 2018-19, exceeding expectations as Trent continues to experience strong gains.
- Sound budgetary measures to offset the impact of provincial policy requirements to reduce tuition fees for domestic students by 10 percent which focused on finding efficiencies, increasing revenues, and recovering costs.
- Stable revenue base as Trent continues to grow domestic and international enrolment to offset inflationary cost pressures.
In the rating it is noted that Trent compares favorably amongst many DBRS Morningstar-rated university peers in the province.