Windsor, University of: Rating Report

On April 30, 2021, DBRS Limited (DBRS Morningstar) confirmed its Issuer Rating and Senior Unsecured Debentures rating on the University of Windsor (UWindsor or the University) at “A” with Stable trends. The rating confirmations reflect the University’s position as an important regional institution within the Province of Ontario (the Province), prudent financial management practices, and steady enrolment demand, which have allowed the University to mitigate the negative impacts of the Coronavirus Disease (COVID-19) pandemic on its credit profile. The challenging operating environment and some uncertainty about the direction of provincial policy remain obstacles for all public universities in the Province. In addition, relatively higher dependence on international students presents unique challenges to an institution of UWindsor’s size and academic profile.