NSHE Earns Strong Financial Ratings as System Moves to Reduce Long-Term Debt Costs
The 海角乱伦社区 (NSHE) has received strong financial ratings from Moody鈥檚 and S&P Global Ratings, reflecting the system鈥檚 overall financial stability and positioning it to manage borrowing costs as it continues to invest in its campuses and programs.
The ratings were issued as NSHE prepares to refinance existing debt for the University of Nevada, Reno and the University of Nevada, Las Vegas, a move approved by the Board of Regents at its March 5鈥�6 meeting to help reduce long-term debt service costs. The refunding bonds are scheduled for competitive sale next week.
鈥淥ur role is to provide responsible oversight and support the long-term strength of the 海角乱伦社区,鈥� said Board of Regents Chair Byron Brooks. 鈥淒ecisions like this reflect that commitment and ensure our institutions remain well-positioned to serve students and communities across the state.鈥�
Moody鈥檚 affirmed NSHE鈥檚 Aa2 rating, its third-highest, with a stable outlook. S&P Global Ratings assigned a similar AA- rating to the upcoming bond issuance and affirmed its AA- rating on NSHE鈥檚 existing debt, also with a stable outlook. Both ratings have remained unchanged since March 2023, reflecting the system鈥檚 continued financial strength.
To support their updated ratings, both agencies cited sustained enrollment growth, increasing operating revenues, and NSHE鈥檚 prominent statewide role as Nevada鈥檚 sole public higher education system. S&P also highlighted the system鈥檚 鈥渧ery strong鈥� enterprise and financial profile and its capacity to support future capital investment.
鈥淭his reflects the strength of our system and the care we take in managing it,鈥� said Chancellor Matt McNair. 鈥淲e have a responsibility to be thoughtful stewards of our resources, and I thank the Board of Regents for their continued commitment to that work and to the long-term strength of our institutions and the state.鈥�
Together, the ratings underscore NSHE’s sustained fiscal health and reinforce the system’s ability to plan for long-term investments across its institutions.
Media Availability
For media inquiries, interview opportunities, and additional information, please contact Elizabeth Callahan at ecallahan@nshe.nevada.edu or 702-522-7021.
