Higher education bonds

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.

Downgrades of three private universities in the Northeast reflect enrollment pressures facing the higher education sector, particularly in that region.

The deal will come to market despite the troubles of some other student housing bonds in Florida.

Maryland Governor Wes Moore unveiled his $70.8 billion budget proposal that is designed to close a $1.5 billion gap via cuts, fund transfers and swaps of bonds for cash.

Two student housing developments in Orlando and Tampa, Florida, financed by speculative-grade bonds in 2024, have shown signs of strain.

The Ohio State University went to market Tuesday with a $560 million deal to refund taxable Build America Bonds into tax-exempt debt.

Pasadena and the Rose Bowl Operating Co. are suing UCLA, saying plans to relocate football games to SoFi stadium could jeopardize $130 million in revenue bonds.

The Regents of the University of California will sell $2 billion of bonds next week after yanking a $1.5 billion summer deal amid Trump administration threats.

Sterling College is one of 10 federally recognized work colleges, a designation that means students are required to work as part of their courses.

Moody's cited prospects for reduced operating deficits, generally stable enrollment and strong philanthropic support.