Higher education bonds

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.

The Ohio State University, one of the largest schools in the country, is pondering the issuance of $150 million of century bonds, which would mark its second 100-year debt sale to date.

Standard & Poor's on Friday revised its outlook on University of Iowa Hospitals and Clinics' AA rating to negative from stable over the potential strains of its big capital plans.

Problems with a bank loan led Fitch to become the second rating agency to act against Florida Gulf Coast University, placing its ratings on watch negative.

Kentucky State University's plan to disenroll 645 students for failing to pay will exacerbate stressed operations but could be credit positive, said Moody's.

Alvin Community College District in the outskirts of the Houston metro area saw its Moody's Investors Service Rating downgraded to Aa3 from Aa2 after years of operating deficits.

Texas A&M University regents have approved $115 million of bond funding for renovation of nine dormitories serving the military Corps of Cadets.

S&P lowered its underlying rating to A from A-plus on West Virginia University's bonds citing deteriorating financial ratios because of bond issuances in recent years.

The changing demographics of prospective students may present an opening for higher education institutions to attract more students and strengthen their revenue stream, according to analysts.

The terms of a loan turned the outlook on Florida Gulf Coast University's debt to negative, and could result in a rating downgrade of two notches, Standard & Poor's said.

This fall, Oregon voters will decide whether to approve a constitutional amendment that would allow the state to start an endowment fund for student aid using general obligation bond proceeds.