NAICU - Big Moan on Campus: Bond Downgrades

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Big Moan on Campus: Bond Downgrades

Wall Street Journal

May 29, 2009

Overall, Moody's says, it has a negative outlook for the credit rating of 55 U.S. universities, and has downgraded 20 this year. Downgrades can raise the cost of borrowing. "That's comparable to the rate of downgrades universities saw during the dot-com bust," says Moody's managing director John Nelson. "And we probably will surpass it."

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