York University: Rating Report

On December 15, 2023, DBRS Limited (Morningstar DBRS) confirmed York University’s (York) Issuer Rating and Senior Unsecured Debentures rating at A (high) with Stable trends. York’s strong academic profile, favourable location in the Greater Toronto Area, and healthy operating results support the credit ratings. The credit ratings remain constrained by the current challenging operating environment, which allows limited revenue flexibility despite rising costs, as well as a somewhat uncertain outlook for enrolments.