Moody's Investors Service said it has downgraded to B1 from Baa3 its rating on the revenue bonds of Mountain State University, W.Va., and maintains the rating on review for possible downgrade in conjunction with the withdrawal of its accreditation effective August 27, 2012, from the Higher Learning Commission of the North Central Association.

The rating action affects $5.6 million of rated debt issued through the city of Beckley and the Raleigh County Building Commission.

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.