Higher education bonds

Like peers with big endowments and strong student demand, the private university in Chicago has managed through the pandemic with its ratings intact.

Michigan's flagship public university's enjoys a healthy and diverse balance sheet but the scandal's taint poses other challenges.

Katherine Craven, chief administrative and financial officer at Babson College, discusses the school's business niche, its bond-rating upgrades amid negative outlooks for higher education overall, and the outlook for the sector in the face of the pandemic. Paul Burton hosts. (Recorded on Dec. 23, 2021 and is 25 minutes long.)

Despite its snowy reputation, the region sees itself as a climate refuge due to cooler temperatures, reliable infrastructure and Lake Erie freshwater.

Welch heads Squire Patton Boggs' California Public Finance practice.

The university is planning to sell $500 million of taxable 100-year bonds in the first quarter of 2022.

Entering the third year of a pandemic, higher education is expected to gain stability amid a flood of federal aid.

The sale is Babson’s first since 2017. The business-and-entrepreneurial themed private college, which opened in 1919, has about $150 million of outstanding bonds, according to its presentation to Moody’s.

High-rated top-tier universities have weathered the pandemic reasonably well, while lower-rated colleges have experienced a worsening of problems and investors should be cautious.

Kaufman Hall acquired HRE Capital last week