Fitch Ratings has downgraded ­Wartburg College’s Series 2005A private facility revenue bonds to BB from BBB-minus with a negative outlook due to a weakened financial profile. The bonds were sold in 2005 through the Iowa Higher Education Loan Authority.

“The rating downgrade reflects a substantially weakened credit profile characterized by volatile operating margins which are becoming increasingly negative and more recent declines in available funds due to financial market turbulence,” analysts wrote.

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