Moody's Investors Service has downgraded the District of Columbia revenue bonds (the Howard University issue) Series 2011A and Series 2011B (taxable) to Baa1 from A3, concluding the review that was initiated on July 8, 2013.

The downgrade is driven by pressure on all of the university's major revenue sources.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.