Higher education bonds

The New Jersey Municipal Qualified Bond Act program, New Jersey County College Enhancement Bond Program, and New Jersey School Bond Reserve Act program were all downgraded in connection with the recent downgrade of the state government.

On the heels of a late 2016 credit upgrade, Hofstra University on Long Island is planning $61 million of bonding this year for a new academic building and refinancing old debt.

The Schenectady County Legislature will vote next month on authorizing up to $70 million in bonds for Union College's new Science and Engineering Center, the largest project in the school's history.

Atlantic City's redevelopment effort appears to be gathering momentum following a "lost decade" that featured the closing of five casinos, a housing crisis and major recession, according to a new bi-annual report released Tuesday by the South Jersey Economic Review.

City Colleges of Chicago took a fresh rating hit this week over strains posed by the state’s prolonged budget impasse.

Drew University's bonds went deeper into junk territory after Moody's Investors Service cited the small Madison, N.J., private college's "unsustainable operating deficits" and weakening reserves.

The New Jersey Educational Facilities Authority achieved record bond volume in 2016, the higher education conduit issuer announced Friday.

Threats to St. Louis University’s medical accreditation adds some remote credit risks to the school’s rating if not successfully resolved, Moody’s Investors Service said.

New Jersey Gov. Chris Christie signed legislation Monday that invests $34 million from a state bond program for facility enhancements at colleges and universities.

Illinois' public colleges and universities remain at risk of further credit damage after 21 months of state budget gridlock, Moody's Investors Service said Thursday.

The University of Missouri’s AA-plus rating carries a stable S&P Global Ratings outlook, up from negative.

Resignations by nearly all of the leadership at the University of Puerto Rico in protest to budget cuts have heightened S&P Global Ratings’ concerns over the school’s debt challenges.

Howard University and Rhode Island-based vendor Corvias say their 40-year deal to renovate school halls will change the face of public-private partnerships.

Chicago-based Roosevelt University’s rating was dropped further into junk territory over its ongoing enrollment struggles that haven’t been helped by the state budget impasse.

Puerto Rico Gov. Ricardo Rosselló’s office blasted the president of the University of Puerto Rico for failing to provide information expected to be used to slash the university’s subsidy.

Loma Linda University was downgraded to Baa1 by Moody’s Investors Service ahead of plans to price $179 million in revenues bonds next week.

The Trustees of California State University will price $1.2 billion in revenue bonds next week for projects as it the system grapples with 23% enrollment growth over the past four years.

Rhode Island’s government has developed programs to revive its manufacturing industries with an eye toward improving the state’s economy.

Rhode Island Gov. Gina Raimondo proposed a $9.3 billion budget that calls for two years of free tuition at public colleges for in-state students.

Citing improving market conditions, the University of Houston plans to increase its offering in a competitive sale by $40 million to more than $400 million.