Higher education bonds

Northwestern was assigned a negative outlook on one of its triple-A ratings.

The Dormitory Authority of the State of New York is prepping another large bond deal as part of a busy 2017 for the conduit issuer.

It is back to school season, which is a good occasion to examine the market of muni obligors offering bonds in the Education Sector, one of the top two sectors in terms of number of obligors offering bonds and also holdings of CUSIPs by institutional investor.

Barclays Capital plans to price the Cal regents deal Tuesday.

Longtime bond attorney Jeremy A. Spector has retired as executive director for the New Jersey Educational Facilities Authority after nearly two years leading the higher education conduit issuer through record volume.

The system reported strong investor demand for $350 million of taxable debt earlier in the week.

The new money and refunding bonds are being sold Wednesday.

A dearth of state paper bodes well for the sale, says state finance director Sandi Thompson.

Strong demand for New York State’s new free public college tuition program could disrupt the private higher education landscape.

The action by the University of the Sciences in Philadelphia is a response to enrollment challenges.

Five winners of the Carey Gabay scholarship program were announced on Monday, New York Gov. Andrew Cuomo announced.

The UT system will offer investors a choice of taxable or tax-exempt debt as it prices $600 million of bonds.

The Indiana land-grant university is buying out Kaplan, a for-profit distance learning enterprise.

The Board of Regents enterprise since 2001 has saved more than $101 million by refinancing bonds — with most of those savings coming since the Great Recession in 2008, after which interest rates plummeted to the lowest in recent history.

The State Bond Commission Thursday gave authority to start seeking loans on the second phase of a massive LSU project that includes a mixed-use development on Nicholson Drive and tearing down 52-year-old Kirby Smith Hall dormitory.

Health care giant University of Pittsburgh Medical Center plans to spend $235 million in the Harrisburg, York and Lancaster areas in 2018. Much of it would go toward a new hospital in York, with some also spent at three other midstate hospitals.

Health and Educational Building Corp. chief Robert Donovan cited a wave of refinancings.

Material financial problems, including federal sanctions, led Moody's to lower the rating to B1.

A decline in international student applications following President Trump's travel ban ratchets up fiscal pressure on public colleges and universities.

Moody's cited a vote to raise employer contribution rates.