Standard & Poor's last week downgraded Hampton University to A-minus from A-plus based on increasing debt and business risk related to the university's Proton Therapy Institute.

The PTI, still under construction, is a cancer center that will use proton beam therapy, which can serve as a more exact way to combat certain cancers.

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.