Fitch Ratings has reaffirmed Daemen University’s investment grade rating as well as its “outlook: positive” assessment, demonstrating its confidence in the university’s future thanks to its stable enrollment and operating margins.
“I am delighted about Fitch’s reaffirmation of our rating, especially given the uncertainties caused by the enrollment cliff,” said Daemen President Gary A. Olson. “This rating is a huge vote of confidence during this very trying time in higher education.”
In 2018 — for the first time in its history — Daemen earned an investment-grade rating from Fitch, which the university has maintained every year since.