As the University emerges from the challenges posted by the COVID-19 pandemic, Brock\u2019s sound fiscal management has helped it maintain its A (high) rating with Stable trends from the Dominion Bond Rating Service (DBRS) Morningstar.<\/p>\n
DBRS Morningstar released its rating report \u2014 an important indicator of the institution\u2019s financial health \u2014 on Thursday, March 2, giving Brock the Issuer Rating and Senior Unsecured Debentures rating of A (high) rating for the seventh straight year. Brock\u2019s trends ratings are also maintained at \u201cStable.”<\/p>\n
The ratings reflect DBRS Morningstar\u2019s positive outlook regarding Brock\u2019s financial sustainability and are the result of the prudent fiscal measures taken across the University throughout the year.<\/p>\n
Last year was an exciting year for Brock with the opening of a brand new 302-bed state-of-the-art residence, the acquisition of an eight-acre site to support future growth, the hosting of the 2022 Canada Summer Games, and the launch of the new Yousef Haj-Ahmad Department of Engineering.<\/p>\n
The rating service notes that a negative rating action for Brock is unlikely, unless there is a significant and sustained deterioration in operating results or a material increase in debt.<\/p>\n