Texas Southern University Maintains A- Credit Rating from Fitch
The A- rating reflects Fitch's continued confidence in Texas Southern University's financial strength and long-term outlook.
"Maintaining the current A- rating reflects confidence that the University continues to be on the right track," said J'Maine Chubb, Chief Financial Officer and Vice President for Finance and Administration. "Last year, in providing the University's first ever A category rating, Fitch signaled to the financial community that Texas Southern had strengthened its financial foundation and leadership while effecting an intentional approach to investing in student success, academic excellence, and strategic growth. The continuation of this rating communicates that the University is focused on first principles, effectively addressing areas of operational improvement while pursuing opportunities to advance the mission and better serve future generations of students."
"It is significant the University has been able to maintain its A- issuer credit rating as the institution has diligently worked to embrace the State Auditor's advice and recommendations," said Texas Southern University President
Credit ratings are an important measure of organizational financial strength and influence and the ability to access capital for major projects. An A- rating is considered a strong investment-grade rating and signals confidence in the University's capacity to meet its financial obligations.
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SOURCE Texas Southern University
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