McMaster earns upgraded credit rating

The University’s prudent and sound financial management has led to an upgrade in its credit rating. The Dominion Bond Rating Service (DBRS) is raising McMaster’s rating to AA, thanks in part to improving financial performance. The rating was previously AA-.

DBRS is an independent, globally recognized credit rating agency. It credits the University’s financial risk management, strong reputation and academic profile as important contributors to an improving financial outlook.

“What this means for students is that the university can borrow money at a lower rate, leading to a lower cost of capital. It will allow us to leverage our funds more economically,” said Deidre Henne, McMaster’s Chief Financial Officer.

The credit rating appraisal highlighted McMaster’s strong operating results of 2016-2017. DBRS also referenced the University’s structurally balanced operating budget, strong student demand, capacity to increase domestic and international enrolment, robust research profile and effective management practices.

“This external endorsement is testament to the work of all our teams in stewarding the resources of the University”, said Roger Couldrey, Vice-President, Administration.

DBRS is the largest rating agency in Canada and the fourth largest ratings agency in the world.

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<p class="p1"><span class="s1">The University’s prudent and sound financial management has led to an upgrade in its credit rating. The Dominion Bond Rating Service (DBRS) is raising McMaster’s rating to AA, thanks in part to improving financial performance. The rating was previously AA-.</span></p>
<p class="p1"><span class="s1">DBRS is an independent, globally recognized credit rating agency. It credits the University’s financial risk management, strong reputation and academic profile as important contributors to an improving financial outlook.</span></p>
<p class="p1"><span class="s1"> “What this means for students is that the university can borrow money at a lower rate, leading to a lower cost of capital. It will allow us to leverage our funds more economically,” said Deidre Henne, McMaster’s Chief Financial Officer.</span></p>
<p class="p1"><span class="s1">The credit rating appraisal highlighted McMaster’s strong operating results of 2016-2017. DBRS also referenced the University’s structurally balanced operating budget, strong student demand, capacity to increase domestic and international enrolment, robust research profile and effective management practices.</span></p>
<p class="p1"><span class="s1"> “This external endorsement is testament to the work of all our teams in stewarding the resources of the University”, said Roger Couldrey, Vice-President, Administration. </span></p>
<p class="p1"><span class="s1">DBRS is the largest rating agency in Canada and the fourth largest ratings agency in the world.</span></p>

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