Higher education bonds

The continued weakening of the higher education sector means investors will have to take into account the quality of the institution.

The BB-plus rated borrowing comes as high-yield supply remains strong in the muni market.

Debt proceeds are earmarked for renovations to the university's football stadium, as well as for student housing, parking and other athletic projects.

The College of the Holy Cross, enjoying rising student demand in a time when other private schools are struggling, will take out variable-rate and taxable debt.

The Nashville-based private university plans to sell up to $430 million of tax-exempt bonds.

Ohio Dominican University became the latest Midwest private religious college to run into financial trouble after it missed a bond payment.

The Quincy, Massachusetts, mayor wants the city to issue debt to buy the former Eastern Nazarene campus. There is concern about the city's high debt load.

Moody's Ratings has announced a credit rating downgrade to A2 from A1 for AU, due to operating pressure which comes on the heels of a 4% tuition hike earlier this spring.

Saint Francis University in Pennsylvania, also grappling with the stresses facing many smaller schools, downscaled its sports program to NCAA Division III.

Hacking group ShinyHunters took credit for the data breach that affected the Instructure-owned Canvas learning management system.

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.