S&P Upgrades Tri-C Bond Ratings

New ratings reflect financial health of College

The strong and stable financial health of Cuyahoga Community College (Tri-C®) led to elevated long-term bond ratings for the institution by one of the world’s largest credit rating agencies.

Standard & Poor’s (S&P) Global Ratings assigned its AA+ long-term rating to the College’s general receipts bonds and general obligation bonds.

These ratings reflect improvements over the previous S&P ratings of AA for general obligation bonds and AA- for general receipt bonds.

S&P noted a stable outlook for the College. The ratings reflect the agency’s’ opinions of Tri-C’s:

• Financial resource growth
• Diverse revenue streams
• Diverse economic growth in the region
• Strong community support

"I'm thrilled that S&P has recognized the College’s strong financial health and leadership," said Tri-C President Michael A. Baston. "I am grateful for the diligent work of our staff who helped the College to achieve this milestone."

September 12, 2023

MEDIA CONTACT: Anthony Moujaes, 216-987-3068 or anthony.moujaes@tri-c.edu