After a sharp drop in 2020, as a result of border restrictions for different nations and national Coronavirus Disease (COVID-19)-related strategies, international student recruitment at Canadian universities is again on the rise. As the pandemic unfurled, universities were prompted to close campuses and shift to remote learning, forcing thousands of international students to take the majority of their courses online or choose to defer enrolment. While the trend may persist longer in other parts ...
While many jurisdictions across Canada continue to grapple with the fourth wave of the Coronavirus Disease (COVID-19) pandemic, for public universities, the faster-than-anticipated vaccine roll-out and high inoculation rates are supporting a cautious return to in-person learning and other on-campus activities. With this increased campus presence, higher utilization of ancillary services are expected to financially benefit institutions. In-person learning and greater access to campus facilities a...
The coronavirus pandemic has led to a rapid shift to remote learning, considerably reduced on-campus activity, and an uncertain enrolment outlook in Canadian post-secondary education. However, earlier fears that domestic and international enrolment would fall sharply have not materialized for Canadian universities that DBRS Morningstar rates.
On June 24, 2020, DBRS Limited (DBRS Morningstar) confirmed the Issuer Rating and Senior Unsecured Debentures rating of the Université du Québec à Montréal (UQAM or the University) at "A" with Stable trends. The ratings reflect UQAM's importance to the Université du Québec (UQ) network and the Province of Québec, the high level of provincial support for the University, and a relatively low debt burden. However, the ratings are constrained by a weak enrolment outlook that continues to weig...
The Coronavirus Disease (COVID-19) pandemic has had a near-term negative impact on Canadian universities because of travel restraints, physical distancing, and mandatory shutdowns, all of which affect how they traditionally operate. Ratings are not likely to decline under DBRS Morningstar's moderate case economic scenario. However, if current conditions persist to the end of 2020, the pandemic may have a significant effect on university credit profiles and, without offsetting government financia...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.