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York College of Pennsylvania has been recognized by Colleges of Distinction, earning the “College of Distinction” designation for the ninth consecutive year. PHOTO/FILE
Central Pa. college maintains strong S&P Global ratings
Listen to this articleA Central Pennsylvania college is maintaining a strong A- bond rating by S&P Global.
York College announced that S&P Global Ratings has affirmed its A- long-term rating on revenue bonds issued for the college. Paired with a stable outlook, the rating emphasizes the institution’s financial position and continued growth, according to a release.
“Maintaining our ‘A-‘ rating is a powerful validation of the strategic work our entire campus has undertaken to make sure York College remains an educational landmark for students,” York College President Dr. Thomas Burns said in a statement. “By focusing on growing our enrollment and fostering hands-on learning, we are not just enhancing our campus; we are securing a strong future for our students and the York community.”
The rating reflects York College’s financial risk profile, characterized by financial resources relating to operating expenses and a successful return to full-accrual operating surpluses over the past two years. York College’s enrollment growth was highlighted by S&P Global, which noted three straight years of increases supported by a substantial growth in applications.
Rating highlights include the following:
- Three years of enrollment increases supported by substantial growth inapplications.
- Strong financial resources compared with operating expenses.
- Relatively lowtuition discount rate of 37.9% in fiscal year 2025.
- Lower average age of plant compared with that of similarly rated peers.
“Earning this rating from S&P Global really speaks to the hard work our team puts into keeping York College on a sustainable path,” said York College Chief Finance Officer and Vice President of Finance Michael Doweary. “Even with economic shifts, we’ve managed to grow our cash and investments by 13.2% and maintain strong financial resources compared with operating expenses.
“Our focus now is to keep that momentum going. Managing our spending carefully allows us to keep investing in our students and our mission.”
