Toronto, University of: Rating Report

DBRS Limited (DBRS) confirmed the Issuer Rating and Senior Unsecured Debentures rating of the University of Toronto (U of T or the University) at AA with Stable trends. The ratings reflect the University’s exceptional academic profile, resilient operating performance and robust balance sheet. The constraining policy environment remains a challenge for all Province of Ontario (Ontario or the Province; rated AA (low) with a Stable trend by DBRS) universities.