S&P Global Ratings Affirms GW's A+ Credit Rating

S&P Global Ratings has affirmed George Washington University's A+ long-term credit rating and maintained a negative outlook, according to its latest review.

The rating reflects GW's strong financial profile, diversified revenue base, stable enrollment and high-quality academic programs. S&P cited the university's broad portfolio of undergraduate, graduate and professional programs, the strength of its law and medical schools and its $3.6 billion endowment as key institutional strengths. The agency also noted that the more than $400 million sale of the Virginia Science and Technology Campus in March 2026 enhanced the university's financial resources and liquidity position.

At the same time, S&P highlighted several challenges facing the university, including ongoing operating deficits, debt obligations and a significant concentration of investments in real estate.

"This A+ rating reflects the strength and resilience of GW's academic enterprise, the diversity of our revenue sources, and the substantial progress we have made in strengthening the university's financial position in FY26," said Bruno Fernandes, executive vice president and chief financial officer. "While we recognize there is additional work ahead to improve operating performance and address longer-term financial challenges, this rating affirms the strength of GW's foundation and our commitment to achieving long-term financial sustainability."

The rating affirmation comes at a time when many higher education institutions are facing increased financial pressures and rating challenges, underscoring GW's strong market position and financial resources despite a challenging operating environment.