Higher education bonds

The University of Arkansas Board of Regents will look for savings with a $90 million refunding of bonds issued in 2006 for the medical school.

The University System of Georgia's 65-year college housing privatization, which will defease $325 million in bonds, is being closely watched by higher education, finance, and housing industries.

Standard & Poor's revised its outlook on BBB-rated Iona College to stable from negative, citing improved financial ratios as the Catholic school battles enrollment pressures.

The Internal Revenue Service is auditing two bond issues sold in 2007 by Colorado authorities for a university and a health care borrower.

The University of Texas System could see savings of 10% on an advance refunding of $250 million of bonds expected to price Nov. 12.

Thomas Jefferson School of Law in San Diego plans to close on a debt restructuring agreement on Nov. 15 involving a sale-leaseback of its building that reduces $127 million in outstanding debt by two-thirds and resolves a default.

The University of Missouri Curators sold $150 million of new-money taxable bonds Monday with tentative plans to return the market next year to fund another $100 million in approved projects.

The decision by the State University of New York to expand an online learning platform to grow total system enrollment is a credit positive, Moody's said.

The Internal Revenue Service is auditing economic development revenue bonds issued by St. Joseph County, Ind. in 2007 for Saint Mary's College.

Hawaii Gov. Neil Abercrombie announced the nominations of four people to immediately fill vacancies on the University of Hawaii Board of Regents that resulted from resignations on the 15-member board.

Fitch plans to investigate how the comptroller for Florida State University's Boosters allegedly stole as much as $700,000.

Moody's Investors Service has upgraded the California College of the Arts ahead of a private placement planned later this month.

S&P lowered its ratings to A-minus from A on bonds sold for Shands Teaching Hospital at the University of Florida, citing an upcoming $250M deal.

Oklahoma plans to use proceeds of this week's $67 million sale of lease-revenue bonds for two state universities and a community college.

Colorado State University has fallen short of the $110 million of donations required for building a new football stadium, according to CSU president Tony Frank.

The University of North Texas should have known that it was receiving excessive reimbursement from the state and should repay at least $75.6 million over 10 years, according to a state audit.

Washington State University has been authorized to sell up to $16.25 million of revenue bonds for a new health clinic at its Spokane, Wash. campus.

Citing weak debt coverage, Standard & Poor's downgraded Arizona Health Network's revenue bonds to BBB from BBB-plus and retained a negative outlook.

After years of struggling to fill its halls, a student housing facility privately developed for Chicago's DePaul University is marking its second year of near full occupancy with the boost in revenues allowing it to chip away at some overdue debt service.

The trustee for $6 million of unrated bonds issued for Iowa Wesleyan College will ask a judge to allow it to enter a forbearance agreement with the school ahead of an expected technical default on debt service coverage ratios.