NEW YORK - Moody's Investors Service has downgraded to Ba2 from Ba1 Wittenberg University, Ohio's long-term rating on its bonds issued through the Ohio Higher Educational Facility Commission. The rating outlook is negative at the lower rating level.

The Ba2 rating for Wittenberg University (Wittenberg or university) reflects the consistently poor operating performance and weak cash flow generation, thin balance resources relative to debt and operations, as well as enrollment and recruiting challenges in a highly competitive region.

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