Moody's Issues Negative Outlook for Higher Education
Moody's Investors Service is taking a pessimistic view of American colleges and universities. The agency says repeated increases in tuition are partly to blame.
View ArticleNIU Official Reacts To Credit Downgrade
Officials at Northern Illinois University are responding to recent action taken by Moody’s. The investors’ service downgraded the credit rating for four Illinois universities, including NIU.
View ArticleMoody's Downgrades Northern Illinois University's Ratings, Outlook Negative
Moody' Investors Service downgraded Northern Illinois University's ratings to Baa2 from Baa1 on its Auxiliary Facility System (about $199 million outstanding) and Certificates of Participation (about...
View ArticleS&P, Moody's Lower Illinois' Credit Rating Over Budget Mess
A second major credit rating agency has downgraded Illinois' rating, citing financial "mismanagement" by state leaders amid a yearlong budget impasse. S&P Global Ratings lowered the rating Thursday...
View ArticleRating Firm Will Review Six Illinois Public Universities' Credit Status
Moody's Investors Service has placed six Illinois public universities on review for downgrade, impacting a total of approximately $2.2 billion of public university debt. According to a release issued...
View ArticleTreasurer Urges Rauner To Go to NY With Budget-Plan Commitment
The state treasurer says Illinois Gov. Bruce Rauner must go to New York to talk bond-rating houses out of knocking the state's creditworthiness into "junk" status. Democrat Michael Frerichs said in...
View ArticleS&P Removes Illinois From Credit Watch With Budget In Place
A credit ratings agency has removed Illinois from a credit watch since legislators approved a budget and ended a more than two-year impasse. S&P Global Ratings said Wednesday the outlook on debt...
View ArticleMoody's Questions Illinois's Ability To Pay Bills
A major bond-rating agency says the state's fiscal challenges linger despite approval of the first state budget in two years. Moody's Investors Service issued a report Friday. It notes that an income...
View ArticleMoody's: Illinois Avoids 'Junk' Credit, But Risks Remain
A major credit rating agency says Illinois won't see its rating lowered to "junk" but warns the state still faces serious financial challenges and long-term risks. On Thursday, Moody's Investors...
View Article