Higher education bonds

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.

With enrollment falling for the fourth year in a row, New Mexico State University has taken a Standard & Poor’s downgrade to AA-minus.

Brazos County wants a ruling from the state on property tax exemption of a bond-financed P3 dormitory at Texas A&M.

New Jersey’s Stockton University has reached an agreement to sell the former Showboat Casino Hotel in Atlantic City for $22 million to Philadelphia-based developer Tower Investments.

A campus town center at The College of New Jersey is the newest project to materialize from a public-private partnership program that faces an uncertain future after a five-year run.

Illinois-based College of DuPage fired its top two fiscal managers – treasurer Thomas Glaser and controller Lynn Sapyta – accusing the two of violating school investment practices and other internal rules.

The Dormitory Authority of the State of New York authorized $1.12 billion in new financings.

The University of Hawaii Board of Regents plans a $189 million revenue bond sale Wednesday and Thursday.

The University of Oklahoma Board of Regents is going to market with $245 million of taxable and tax-exempt bonds for improvements to the football stadium, its residential colleges and a parking garage, after Fitch & S&P downgrades.

Standard & Poor’s, citing Pennsylvania’s budget impasse, placed all school district and community college ratings based on the state aid intercept program on credit watch negative.

New Jersey’s Stockton University held a special meeting to discuss offers it has received for the former Showboat Casino Hotel property in Atlantic City.