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The rating agency cited the university's structural budget imbalance and management turnover among factors that drove the outlook revision to negative from stable.
March 5 -
S&P cited budget pressures that have not been counterbalanced by new revenue growth when lowered the outlook on the city's BBB-plus rated GO bonds.
February 22 -
Moody's Investors Service placed the university under review for downgrade, citing in part debt that would be issued to purchase the University of Phoenix.
February 16 -
Fitch said its upgrade "reflects the removal of the asymmetric additional risk relating to potential general fund exposure to the county's enterprise sewer system … which reflects the system's recent restructuring of its outstanding debt."
February 15 -
Oklahoma is on a roll, notching its third positive rating outlook since July with the latest move coming from Fitch Ratings.
February 12 -
Higher interest rates, inflation and slower economic growth could create headwinds for the U.S. public finance sector, S&P Global Ratings said.
February 5 -
Moody's Investors Service cited thinning operating performance for the downward outlook revision.
January 30 -
Moody's Investors Service bumped Chicago's outlook to positive from stable, while affirming the city's Baa3 issuer and general obligation bond ratings.
January 22 -
S&P's outlook revision to positive means there is a one-in-three chance the state could have its AA-plus rating upgraded to AAA over the next two years.
January 12 -
The Chicago Board of Education on Wednesday saw its issuer rating and debt ratings from Moody's Investors Service elevated a notch to Ba1 from Ba2.
January 12