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The state Supreme Court ruled that prevailing wage rules for public projects don't apply to private entities that borrow using tax-exempt conduit bonds.
March 18 -
Pittsburgh-based Robert Morris University was downgraded by Moody's Ratings. The private university is part of a growing list of smaller higher education institutions, particularly in the Northeast, that are facing increasing financial pressures as the pool of potential students shrinks.
March 11 -
U of I's plans to issue debt ahead of the expiration of a non-binding agreement in May were challenged by a state high court decision to hear an appeal and an Idaho House of Representatives resolution.
March 6 -
Harvard and Princeton coming to market is a "huge sign of confidence," said Clare Pickering, a Barclays strategist.
March 6 -
Large deals were repriced to lower yields while the secondary market was lightly traded, leading to little changed triple-A yield curves and underperformance to Treasury market gains. Despite a growing calendar, the supply demand imbalance remains with much cash on the sidelines.
March 5 -
The rating agency cited the university's structural budget imbalance and management turnover among factors that drove the outlook revision to negative from stable.
March 5 -
A power struggle over the governance of the Oklahoma Turnpike Authority and a Houston mayor ending a legal dispute with firefighters that could improve the city's Fitch rating are among the legal stories bond market professionals are watching.
March 1 -
Some public colleges in the Midwest are facing budgetary squeezes paired with programming directives from state legislators, a departure from trends elsewhere.
February 28 -
Moody's Investors Service placed the university under review for downgrade, citing in part debt that would be issued to purchase the University of Phoenix.
February 16 -
Nearly half of America's private colleges and universities reported negative operating margins in fiscal year 2023, and the trend was even worse in the Midwest.
February 14