NEW YORK - Standard & Poor's Ratings Services said it revised its outlook to positive from stable and affirmed its A-plus long-term rating and underlying rating (SPUR) on University of North Dakota's (UND) debt issued by North Dakota State Board of Higher Education.

"The outlook revision reflects our view of another year of healthy operating performance, enrollment growth in recent years, and continued growth in financial resource ratios relative to debt that are consistent with a higher rating category," said Standard & Poor's credit analyst Shivani Singh. "We understand that the university plans to issue about $14 million of additional debt within the next two to three years, which we believe the university has capacity to absorb, even at a higher rating."

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