S&P GLOBAL RATINGS RAISES FAYETTEVILLE STATE UNIVERSITY CREDIT RATING TO 'A' ON IMPROVED ENROLLMENT

FAYETTEVILLE, N.C., Sept. 8 -- Fayetteville State University issued the following press release:

FAYETTEVILLE, N.C. - S&P Global Ratings raised Fayetteville State University's issuer credit rating from A- to A as of Sept. 4. The agency cited the university's increasing financial resources, growing enrollment, and strong state support. The outlook is "stable."

The upgrade continues FSU's credit profile improvement over the past several years. FSU began 2021 with an issuer credit rating of BBB+ and a "negative" outlook. S&P revised the outlook to "stable" in May 2021 while affirming the BBB+ rating. The university was then upgraded to A- in December 2022 and affirmed that rating in 2024.

"This rating reflects the ongoing strength and progr...