Ottawa, University of: Rating Report

On January 18, 2023, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Senior Unsecured Debt rating of the University of Ottawa (the University) at AA (low). Both trends are Stable. The University’s credit profile is supported by its strong reputation as a leading research-intensive university, breadth of program offerings, and status as Canada’s largest bilingual university. The University also benefits from its location in Canada’s capital, historically sound operating results, and relatively strong balance sheet. The ratings remain constrained by the current challenging operating environment, constrained funding and tuition, and visa backlogs.