Students aspiring to maintain their good grades need look no further than their university for inspiration.<\/p>\n
For the fourth year in a row, Brock University has sustained an A High credit rating from the Dominion Bond Rating Service (DBRS) Morningstar.<\/p>\n
Though the University has steadily maintained the ranking, Josh Tonnos, Brock\u2019s Associate Vice-President, Financial Services and Chief Financial Officer, says this year\u2019s mark was particularly hard-earned.<\/p>\n
\u201cDespite significant fiscal challenges facing us, our credit rating has held firm,\u201d he said. \u201cThis is an especially noteworthy accomplishment following a five per cent revenue loss from tuition rate and operating grant reductions announced during 2019.\u201d<\/p>\n
Beyond the obstacles the University has overcome, Tonnos says the report also reflects the inclusive, tight-knit culture Brock is known for.<\/p>\n
\u201cMaintaining our credit rating is important because it provides assurance that we are working together in a sustainable and accountable manner,\u201d said Tonnos.<\/p>\n
Though the print on this year\u2019s credit rating is just beginning to dry, he’s already preparing for next year\u2019s evaluation.<\/p>\n
\u201cBrock must continue to exercise sound financial planning given the limited flexibility we have on revenue, namely tuition rates and grants,\u201d said Tonnos. \u201cIf Brock returns to a period of fiscal operating deficits, we will quickly lose our flexibility to invest in strategic priorities. It is heartening to see how the Brock community continues to work collectively to advance our student experience and research for the long-term benefit of our community.\u201d<\/p>\n
To learn more about Brock\u2019s financial information and to view a list of the University\u2019s DBRS Morningstar (previously DBRS) debt rating for the Senior Unsecured Debentures since 2009, visit the University Financial and Budget Information website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" For the fourth year in a row, Brock University has sustained an A High credit rating from the Dominion Bond Rating Service (DBRS) Morningstar.<\/p>\n","protected":false},"author":26,"featured_media":51105,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[8701,6310,8702,6311,6312],"_links":{"self":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/63973"}],"collection":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/comments?post=63973"}],"version-history":[{"count":3,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/63973\/revisions"}],"predecessor-version":[{"id":63976,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/63973\/revisions\/63976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media\/51105"}],"wp:attachment":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media?parent=63973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/categories?post=63973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/tags?post=63973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}