Higher education bonds

Soon after a New Hampshire authority became the first issuer to withdraw from the Internal Revenue Service's voluntary closing agreement program for student loan bonds, the IRS initiated an audit of $135.4 million of adjustable rate education loan revenue bonds it issued in 2011.

The City Colleges of Chicago has picked a banking team led by Jefferies for its inaugural sale of $250 million of debt that's on track to sell in September or October.

Moody's Investors Service has downgraded the rating on Redwoods Community College District to A1 from Aa2 and assigned a negative outlook.

Illinois Gov. Pat Quinn announced $55 million in grant funding from the state's capital budget for 27 Chicago area colleges and universities.

The Regents of the University of California is planning to sell $665 million of fixed and variable rate medical center pooled revenue bonds.

Temple University is defending itself after Moody's Investors Service put its Aa3 rating on review for a downgrade last week.

Moody's Investors Service has raised Carroll University's rating one notch to BBB-plus in recognition of its positive operating performance.

Moody's Investors Service has downgraded San Francisco Community College on the possibility that it will lose its accreditation.

Moody's Investors Service said it has downgraded the rating on San Francisco Community College District's general obligation bonds to A2 from A1.

Gonzaga University postponed a $47.5 million taxable revenue bond deal saying it plans to wait for market conditions to firm.

Pima Community College expects to be debt-free a year from now, but Arizona's second largest community college district is fighting to maintain its accreditation.

Texas Gov. Rick Perry on Tuesday signed a bill creating a new university and medical school in South Texas’ Rio Grande Valley by merging two existing University of Texas branches.

The City Colleges of Chicago's proposed $657 million fiscal 2014 budget won the endorsement of the Civic Federation of Chicago for ongoing progress toward improving its fiscal and operational health.

San Francisco Community College District's pending accreditation loss is a credit negative, says Moody's Investors Service.

Homeland Security Secretary Janet Napolitano resigned from her position on Friday to take over the University of California system.

Moody's Investors Service on Friday downgraded Yeshiva University's rating to Baa1 from A2, and said it would review the university for further downgrade.

A bill that would provide tuition revenue bonds for 62 construction projects for Texas college and university campuses won a House committee's approval, despite the fact that outgoing Gov. Rick Perry has not added the issue to the call for the legislature's second special session of the year.

With an upgraded rating from Standard & Poor's, the largest university system in the country is planning to sell $244 million of revenue bonds on Wednesday.

The University of Connecticut this week will sell $225 million GO new money and refunding bonds, to fund work on its health center and other campuses.

Standard & Poor's says it plans to upgrade the debt of Polytechnic Institute of New York University by six notches on January 1.