Higher education bonds

Washington University will sell $1 billion of new money with tentative plans to offer a mix of 30-, 40-, and 100-year paper.

Fitch said it expects UT to maintain a strong operating performance that could warrant an upgrade in the next two years.

The enrollment controversy hasn't affected the nine-campus University of California system's bond ratings.

This month the University of Michigan sold $1.2 billion and Michigan State University sold $500 million of taxable 100-year bonds.

The University of Michigan follows Michigan State this month in joining the club of universities offering 100-year bond maturities.

Moody's Investors Service said the upgrade reflected the university's robust, sustainable operating margins supported by consistent growth in tuition revenue.

Michigan State, supported by a better bond rating outlook, will join the small club of higher education institutions using a 100-year taxable bond structure.

Stability at the state government level and the prospects of more aid in fiscal 2023 eased balance sheet pressures on Illinois' public universities.

Despite competitive and demographic headwinds, Villanova's strong academic reputation as a selective private university will support student demand, Moody’s said.

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

The speculative grade bond sale is part of the financial process of returning the Phoenix-based university to nonprofit status after years as a for-profit.