Queen's University: Rating Report

On April 30, 2024, DBRS Limited (Morningstar DBRS) confirmed the Issuer Rating and Senior Unsecured Debt rating of Queen’s University (the University) at AA. Both trends are Stable. The ratings reflect the University’s strong academic profile, resilient student demand, and effective management practices, which have translated into a consistently strong balance sheet over many years. The credit profile is further supported by the University’s advancement capabilities, resulting in one of the largest endowments among Morningstar DBRS-rated public universities, which could help mitigate some of the impacts of a difficult operating environment.