“These are overwhelmingly positive results for Fordham,” said Martha K. Hirst, senior vice president, CFO, and treasurer. “They affirm that our efforts are focused in the right areas and that we are well-positioned to meet the headwinds facing higher education in these challenging times.”
In a report released on Sept. 5, Standard & Poor’s (S&P), one of the big three global credit-rating agencies, revised its outlook to stable from negative and affirmed its “A” long-term rating on Fordham’s outstanding bonds. The revision to a stable outlook reflects S&P’s assessment of the University financial profile as strong due to the recent improvement in Fordham’s financial resources and operating results. S&P also recognized Fordham’s enterprise profile as strong based on an enrollment strategy to improve its academic profile in a highly competitive market.