University of Ontario Institute of Technology: Rating Report

On December 28, 2017, DBRS Limited (DBRS) confirmed the
Issuer Rating and Series A Senior Unsecured Debentures rating
of the University of Ontario Institute of Technology (the
University or UOIT) at A (low). Both trends are Stable. The ratings
are limited by UOIT’s elevated debt levels and lower level
of expendable resources, but they are supported by an improving
academic profile, strong student demand for its high-demand
STEM program offerings, and effective financial management
practices. DBRS expects the credit profile to improve steadily
over the medium.