CHICAGO — Illinois' public universities are burdened, as are the state's local governments, by the weight of state inaction on pension reform, but face additional fiscal strains from declining aid and tight in-state tuition regulations.

That's the conclusion in a report Moody's Investors Service published last week following its Aug. 9 downgrade of seven of the state's eight public universities. The action impacted $2.5 billion of rated debt. All eight carry a negative outlook.

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