02 octobre 2013

Moody’s Downgrades Howard U.’s Credit Rating

http://chronicle.com/img/photos/biz/icons/the-ticker-nameplate.gifBy . Moody’s Investors Service on Tuesday downgraded Howard University’s credit rating, citing several financial challenges at the historically black institution, including revenue and enrollment declines and “weak” fund raising. Moody’s assigned $290-million in revenue bonds issued for Howard a rating of Baa1, down from A3, indicating that the agency considers them to be a moderate credit risk, according to The Washington Post. The agency began its review in July, after tensions arose regarding the university’s financial health. Read more...
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