Higher education bonds

Moody's cited the school's weakening liquidity levels in its downgrade.

Stanford University increased a commercial paper program by $500 million to $1 billion, marking the latest institution in U.S. higher education to do.

The college's most recent annual comprehensive financial report is for the fiscal year ending June 30, 2023, and S&P is concerned by the lack of timely reporting.

The deal is expected to conclude in the summer of 2026, and at that time Elon University will operate Queens University of Charlotte.

Ketner is Baird's second hire in the higher education and nonprofit sectors in the last 30 days.

The rating agency cited increases in enrollment and improved net tuition revenues.

Metropolitan College plans to sell its Manhattan campus to The City University of New York, providing a reprieve for its bondholders. 

The University of Chicago went to market this week, as the Trump administration has targeted higher education and faculty criticize budget and program cuts.

RBC Capital Markets will be the underwriter for the bonds, which will have a maximum maturity of 40 years.

The 10-campus public university system apparently scrapped plans to price $1.5 billion in debt this week.