Higher education bonds

Moody’s Investors Service revised the outlook on its Baa3 rating of Roosevelt University in Chicago to negative as it struggles with enrollment loses.

The Illinois-based College of DuPage’s former treasurer Thomas Glaser and controller Lynn Sapyta filed a federal lawsuit Tuesday accusing their former employer of wrongful termination for their opposition to a board member’s political agenda.

The Moraine Valley Community College in Illinois lost its top credit marks ahead of its upcoming $9.2 million general obligation refunding.

The University of Michigan heads into the market this week with $312 million of high-grade revenue paper to fund ongoing capital projects and refund debt.

In its last deal of the year, the University of Texas System will offer investors a choice of taxable or tax-exempt bonds in a $241 million pricing.

Veteran bond attorney Jeremy A. Spector has been named executive director and secretary of the New Jersey Educational Facilities Authority (NJEFA).

Rhode Island selected Invesco and Ascencus to manage its $7 billion CollegeBoundfund 529 program, replacing AllianceBernstein.

Moody’s Investors Service has revised the University of Chicago Medical Center's outlook to stable from negative thanks to two years of stronger operating margins.

The Internal Revenue Service has issued guidance clarifying that state student loan programs can use tax-exempt bonds to fund parent loans for students and that tax-exempt bonds can be used for a broad range of refinancings that help student loan borrowers take advantage of lower rates.

With more colleges facing fiscal challenges issuing debt for new projects, many higher education institutions are exploring alternative forms of financing, according to Tom Morsch, co-head of Public Financial Management Inc.’s public-private partnership practice.

Six of Illinois’ eight public universities took a fresh credit blow from Moody’s Investors Service with downgrades stemming from exposure to the state’s fiscal strains and its budget crisis.

Standard & Poor's Ratings Services said it raised its long term and underlying rating to AA from AA-minus on the Board of Trustees of the University of Alabama outstanding general revenue bonds issued on behalf of the University of Alabama.

The New Hampshire Health and Education Facilities Authority’s decision to withdraw its request to settle under a special voluntary closing agreement program for student-loan bond issuers has paid off.

The Dormitory Authority of the State of New York has approved up to $326 million in fixed rate bonds to upgrade residence halls at public colleges throughout the Empire State.

The New Jersey Institute of Technology (NJIT) has broken ground on a new life sciences and engineering facility financed partly by the Garden State's $750 million Building Our Future Bond Act.

Rutgers University in New Jersey had its long-term credit rating lowered one notch by Standard & Poor’s to A-plus from AA-minus on Sept. 25 due to diminished financial resources.

The University of North Texas System will reduce the size of its $222 million deal by $45 million after a private placement offer provided better terms, officials said.

Rating agencies have restored stable outlooks on the University of North Texas system as UNT prepares to go to market with $222 million of revenue bonds.

The Texas Attorney General’s Office will not decide on the local property tax exemptions of two P3 student housing projects at Texas A&M.

Kroll Bond Rating Agency released a description of its methodology for rating not-for-profit higher education, a sector that's shown signs of stabilizing.