Higher education bonds

PNC added bankers to its higher education and West Coast teams.

The Manhattan-based Ivy League university reached a settlement with the federal government last year. It is selling $487 million of bonds this month.

The ratings agency cited the school's compressed operating margins in recent years.

Saint Michael's College was downgraded to B3 from B1, as Moody's cited growing expenses and lower revenues.

Moody's Ratings downgraded Northern Illinois University's issuer and revenue bond ratings to Ba1 from Baa3.

Three universities in the Northeast found a market for their bonds despite larger headwinds for the higher education sector in the region.

The college's closure is the "tip of the higher ed iceberg," said a bond buyer.

Triple-A Harvard's latest deal provides, through its offering documents, a snapshot of the state of the Trump administration's campaign against the school.

Despite headwinds in the higher education sector, Louisiana State has enjoyed rising undergraduate enrollment.

The parent of New York's Metropolitan Opera fell deeper into junk-bond status this week, while the New School university has a lower investment-grade rating.

The order from U.S. District Judge F. Dennis Saylor IV was issued at 5 p.m. Eastern Time on Friday. 

Educational institutions risk "hefty fines and other serious consequences, including potential loss of federal funding," should they fail to submit timely and complete data. 

The rating agency cited weak demand for the facilities.

The agency cited strong student demand as a factor of its uprade to the FIU's issuer default rating.

California voters face roster of massive measures, headlined by high-stakes billionaire tax battle.

Philadelphia-based Elizabeth Preate Havey brings deep Pennsylvania connections to Dilworth Paxson's public finance practice.

Environmental facilities and public facilities were the sectors that saw the biggest percentage declines.

A Massachusetts bill would authorize special obligation bonds to finance upgrades to the state's public university, school, and college campuses.

Campbellsville University "shares many of the characteristics of schools that are struggling" in higher education, said Lisa Washburn of Municipal Market Analytics.

The move comes after Janney shuttered its public finance business in December.