Moody’s Investors Service last week downgraded Northwest Missouri State University’s rating to A3 from A2 due to fiscal pressures on the school. The action affects $85.7 million of debt.

“The rating action reflects Moody’s concerns about the university’s limited liquidity, debt structure risks, thin debt service coverage from pledged revenues, and limited financial flexibility due to a tuition freeze for in-state undergraduate students at the same time that state support is being reduced,” analysts wrote.

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