NAICU - Nonprofit Colleges, Hospitals Face Moody’s Liquidity Requests

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Nonprofit Colleges, Hospitals Face Moody’s Liquidity Requests

Bloomberg News

March 3, 2010

Moody's Investors Service is asking hospitals, private schools, universities and other nonprofit borrowers for more information about how liquid their investments are to ease comparison and fill a gap in disclosure. Beginning with data reported for fiscal years that ended in 2009, nonprofits will be asked to provide annual figures on how quickly they can turn investments into cash to support operating costs, capital spending and debt service needs.

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