Fitch Ratings has upgraded The Ohio State University's Issuer Default Rating (IDR) to 'AA+' from 'AA'. Fitch has also upgraded to 'AA+' the ratings on general receipt bonds issue by Ohio State. The 'F1+' rating on bonds supported by self-liquidity has been affirmed.
View additional rating details and commentary from Fitch Ratings.
The annual proposal detailing the cost of education at The Ohio State University includes a continuation of the Ohio State Tuition Guarantee. The popular program locks in tuition, housing and dining costs for each entering in-state student cohort for four years.
Leveraging its strong commitment to sustainability goals within its physical environment, Ohio State secured the University System of Ohio’s first green bond designation with the successful issuance of its $600 million Series 2021A bonds.
The Ohio State University names a new Chief Risk Officer Fitzroy ("Fitz") Smith, effective September 13, 2021. Fitz will lead the Office of Enterprise Risk Management, overseeing the university's operational and strategic risk management, international risk management, business continuity and insurance.
The Ohio State University stands on stable ground after an unprecedented year managing the COVID-19 pandemic.
Fiscal year 2021, which ran from July 1, 2020, to June 30, 2021, outperformed the previous fiscal year, driven primarily by strong investment performance, continued positive momentum at the health system and significant efficiency measures across the university.
Effective July 1, 2021, the university will allow business-related travel in line with updated health and safety requirements and our continued focus on fiscal responsibility.
As vaccinations increase and The Ohio State University prepares for more-normal operations, leaders say the institution’s financial outlook is strong and, while challenges remain, Ohio State is well positioned to invest in the future while continuing to manage the COVID-19 pandemic.
Since 2018, in-state first-year students have benefited from the Ohio State Tuition Guarantee, which locks in tuition, housing and dining costs for each entering cohort for four years.
Following the public health guidance of local, state and federal officials, Ohio State has extended the domestic and international travel restrictions to June 30, 2021.
A new budget for The Ohio State University provides a clearer picture of the impact of the COVID-19 pandemic on university operations.
The Board of Trustees voted today to approve a $7.5 billion budget for Fiscal Year 2021. University leadership presented a detailed overview of the budget to the board that showed how the pandemic continues to present significant budgetary challenges for Ohio State. No source of revenue is unaffected. Some of the impacts include: