University of Rochester

Financial Statement Highlights


bar chart: Longterm Debt

Credit Ratings

Moody's Investors Service rating reflects:

  • The University's diversified enrollment, with highly reputable graduate programs complementing the University's improved undergraduate demand profile;
  • Strong performance by the health system, although heavy exposure to health care remains a risk;
  • Healthy financial resources and modest additional near term debt plans; and
  • Good operating performance, driven by revenue growth in the healthcare and research enterprises

Standard & Poor's rating reflects:

  • History of balanced financial operations, generating operating surpluses of $31 million or 2% of budget in both 2002 and 2001, $15 million or 1% in 2003, and the expectation that 2004 will also end with a surplus;
  • Successful fundraising efforts and continued growth in sponsored research;
  • Relatively stable demand trends, with good selectivity coupled with strong student quality and good student retention; and
  • Large endowment, exceeding $152,000 per student.