Fitch Ratings Affirms Delaware Valley University's Revenue Bonds

The University received an investment grade rating of BBB- with a stable outlook from Fitch Ratings

Doylestown, PA (03/14/2024) — Delaware Valley University (DelVal) announced that its revenue bonds have been affirmed for an investment grade rating of BBB- with a stable outlook from Fitch Ratings, one of the nation's "Big 3" credit ratings agencies.

Fitch stated, "DVU's positive revenue trends stem from enhanced enrollment management practices of DVU's relatively new management team, repeated year-over-year (yoy) growth in incoming freshmen, and the launch of new graduate health science programs. These factors helped counteract unique cost pressures and the stagnant population of traditional undergraduate students in the highly competitive region from which DVU draws its students. The ratings also consider DVU's unique combination of niche agricultural, biological sciences, and natural resources programs within a private university setting, and its focus on experiential-style learning including on-campus work experiences."

"The rating is an endorsement of our commitment to fiscal discipline and success in recruiting new students in this competitive environment," said DelVal's President Dr. Benjamin E. Rusiloski. "We are pleased that our commitment to experiential education resonates with students and their families. This positions us well for continued growth."

To view the rating in its entirety, click here.