Higher education bonds

Robert Kelchen, a higher education finance professor at Seton Hall University, discusses near-term challenges facing U.S. colleges as they grapple with revenue hits from the COVID-19 pandemic. Andrew Coen hosts.

Moody's Investors Service cut the Catholic college in New Jersey to Baa1 citing its rising debt burden.

The Evanston, Illinois-based university will offer $300 million of taxable debt as soon as Wednesday after losing its gilt-edged rating status.

The system is managing the pandemic's impact on its campuses and hospitals, as well as a drop in the price of oil, which supports it financially. Neither situation is expected to shake its rating strength.

Declining state support and COVID-19-related funding pressures triggered a second downgrade to New Jersey City University in advance of a $52 million borrowing.

Uncertainty surrounding whether colleges and universities can safely open their doors this fall adds stress to the already challenged higher education sector.

Moody's downgrades regional public university two notches to Baa3 ahead of a $52 million revenue refunding bond sale.

S&P shifted its outlook the Illinois public universities it rates to negative as questions abound over how the state will manage revenue losses.

Tuition revenue headwinds made worse by the COVID-19 pandemic cost New Jersey’s Rider University its investment grade rating.