Higher education bonds

Triple-A Northwestern University in Illinois plans to offer nearly $600 million of taxable debt to raise new money for ongoing capital work and refund some now callable debt for savings.

After nearly two years of analysis, Indiana University has dropped its effort to privatize its parking system.

Standard & Poor's revised its outlook on Brooklyn Law School bonds to negative, and warned that law school enrollment could continue to decline nationwide.

Major colleges and universities face growing risks after boosting subsidies for sports programs, according to a report from Moody's Investors Service.

Moody's Investors Service downgraded Yeshiva University to Baa2 from Baa1.

The University of Colorado System plans to expand its campuses with $150 million of taxable and tax exempt revenue bonds.

Public Financial Management announced Thursday that it has expanded its higher education practice in the Los Angeles office.

City Colleges of Chicago hit the road Thursday to promote a $250 million general obligation sale that garnered double-A level level ratings but carries the blemish of the city’s name.

Fitch Ratings downgraded Cerritos Community College District from AA-plus to AA with a stable outlook impacting $57.5 million in bonds.

Ohio Gov. John Kasich formally launched the work of crafting a new two-year capital budget last Saturday by meeting with the leaders of the state's higher education institutions.

Oklahoma's state lease revenue bond program for higher education projects will proceed after validation by Oklahoma Supreme Court.

Standard & Poor's revised its outlook to negative on Western Michigan University Board of Trustees, warning that the university faces growing pressure from its debt load.

Louisiana State Bond Commission approved $200 million of bonds for local governments and state college projects.

The University of California is planning to sell $2.6 billion of revenue bonds next week to restructure all of its outstanding lease revenue bonds issued by the State Public Works Board.

Indiana Secondary Market for Education Loans, Inc. entered into a voluntary closing agreement with the Internal Revenue Service over $221.65 million of student loan bonds issued from 2001 through 2004. Under the agreement, the issuer made a payment to the IRS and redeemed all outstanding bonds.

The University of Texas will issue $255 million of bonds to fund new engineering building on its Austin campus.

The Illinois Finance Authority advanced borrowing plans by Presence Health and several other elementary and higher education institutions totaling more than $400 million this week.

Both the California Assembly and Senate approved a bill that would establish parameters for school and community college capital appreciation bond issuances.

The California Senate approved a bill that would establish parameters for school and community college bond issuances.

Connecticut Gov. Dannel Malloy signed legislation creating a $200 million bioscience innovation fund, which will invest through grants, equity investments, loans and loan guarantees.