Higher education bonds

The outlook for the University of Louisville was changed to developing after Moody's Investors Service found that Kentucky Gov. Matt Bevin’s dismissal of the board of trustees raised uncertainty about the university’s governance.

The failure of Long Island’s Dowling College placed distressed higher education institutions in the spotlight, prompting a call from one of the most powerful U.S. senators for a credit warning system for students.

The University of California, Merced, is closing in on formal execution of a $1.1 billion public-private partnership to nearly double the physical capacity of the campus by 2020.

The Dormitory Authority of the State of New York recently completed what it called its largest offering for a private client in 72 years with an $829 million bond sale for New York University.

Cash-strapped colleges and universities are increasingly likely to opt for P3 financing of campus infrastructure.

The Federal Trade Commission plans to appeal a federal court judge’s refusal to block the merger of Illinois-based Advocate Health Care and NorthShore University Health System.

Minnesota State Colleges and Universities took a one-notch downgrade from Moody’s Investors Service to Aa3 over the weakened state of its revenue fund, which backs $333 million of debt.

The University of Michigan will sell $300 million of high grade commercial paper next week to fund ongoing capital projects and refund debt.

Seven of Illinois’ public universities face a review for downgrade from Moody’s Investors Service.

State Treasurer Denise Nappier announced a reduction in the Connecticut Higher Education Trust management fee, now that the direct-sold plan has exceeded $2.5 billion in assets.