Munis

Uncertainty about Louisiana's higher education funding led Standard & Poor's to place five institutions on negative CreditWatch on April 28.

Northwestern University is offering more than $600 million of its gilt-edged paper to taxable and tax-exempt buyers to refund some debt and raise financing for projects in an ongoing $2.6 billion capital program.

Louisiana State University on Friday pulled a $114.5 million bond offering that had priced two days earlier after investors withdrew from the deal when concerns emerged over the institution’s financial status.

Standard & Poor's has revised its outlook to negative from stable on Illinois Wesleyan University’s A-minus rating assigned to debt from a 2006 issue.

A Moody's Investors Service downgrade drops Texas Southern University's $81 million of debt to the lowest investment grade rating of Baa3 with a continued negative outlook.

Rice University took advantage of low interest rates in the taxable market with $700 million of triple-A taxable bonds, including $100 million for new money.

Tax reform proposals to curb tax exemption for municipal securities would create uncertainty in the market, possibly lead to higher borrowing costs, and hurt infrastructure development, issuer and borrower groups warned a Senate Finance Committee working group this week.

The Standard & Poor’s outlook on Lubbock Christian University’s BBB rating has shifted to negative amid falling enrollment and dependence on tuition.

The Texas House of Representatives has passed Rep. John Zerwas's House Bill 100 that allocates $3.1 billion of tuition revenue bonds for colleges and universities across the state. No TRBs have won legislative approval in nearly a decade.

Declining state support and flat enrollment prompted Moody's Investors Service to cast a negative outlook on Kansas State University's upcoming sale of $61.7 million of revenue bonds rated Aa2.

The Tennessee State School Bond Authority is bringing $460 million of higher education facilities bonds to market on Wednesday.

Texas A&M University will take advantage of its top credit rating in a competitive sale of $289 million of Permanent University Fund bonds.

The Ohio State University wants a private firm to take over its energy system for 50 years in exchange for an upfront cash payment, marking another first for a public university.

Fitch Ratings upgraded San Francisco Community College District, Calif.’s general obligation bonds to A from BBB-plus.

The University of Connecticut plans to issue about $300 million of GO bonds under its UConn2000 infrastructure improvement program.

The chief financial officer of Ohio State University, who helped craft the university's first-of-its-kind lease of its parking system, is leaving the university to take a job at the Australian company that is leasing the parking system.

Colorado State University will raise $252 million to build a football stadium on its Fort Collins campus through a series of taxable and tax-exempt bonds.

Fitch Ratings knocked Chicago-based Roosevelt University's rating down to the lowest investment grade level due to ongoing negative operations.

A Texas legislative subcommittee chaired by Rep. Trent Ashby gets $2.8 billion of tuition revenue bonds for colleges and universities moving in the 2015 session. It has been nine years since the last TRBs were authorized.

Peter Taylor, former chief financial officer for the University of California, has been appointed to the California State University Board of Trustees.