York College of Pennsylvania Maintains Strong A- Bond Rating with Stable Outlook

York College of Pennsylvania is proud to announce that S&P Global Ratings has affirmed its A- long-term rating on revenue bonds issued for the College. This rating, paired with a stable outlook, underscores the institution’s financial position and continued growth.

The rating reflects York College’s solid financial risk profile, characterized by strong financial resources relative to operating expenses and a successful return to full-accrual operating surpluses over the past two years. S&P Global also highlighted the College’s recent enrollment growth, noting three consecutive years of increases supported by a substantial growth in applications. 

"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," said York College President Dr. Thomas Burns. "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." 

Michael Doweary, Chief Finance Officer and Vice President of Finance, echoed this sentiment, emphasizing the College’s disciplined fiscal management.

"Earning this rating from S&P Global really speaks to the hard work our team puts into keeping York College on a sustainable path. 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." 

Key rating highlights include: 

• Three years of enrollment increases supported by substantial growth in applications. 
• Strong financial resources compared with operating expenses. 
• Relatively low tuition discount rate of 37.9% in fiscal year 2025. 
• Lower average age of plant compared with that of similarly rated peers. 

S&P Global’s stable outlook is a vote of confidence that York College will keep growing while keeping our finances strong and steady, just as you’d expect from a high-rated institution.