Junk-Bond Colleges: Declining Fiscal Ratings Reflect the Struggles Many Small Colleges Face

Junk-Bond Colleges: Declining Fiscal Ratings Reflect the Struggles Many Small Colleges Face

The long-predicted decline in the fortunes of small private colleges is beginning to show up in the bond market. Since the beginning of 2002, six colleges have been downgraded to "below investment grade," or "junk bond" status. The number now rated in the junk category, 17, has n...

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Veröffentlicht in:The Chronicle of Higher Education 2003-02, Vol.49 (22), p.A.21
1. Verfasser: Werf, Martin Van Der
Format: Artikel
Sprache:eng
Schlagworte:
Aerospace Education
Bond Issues
Bond ratings
Catholic Schools
Colleges & universities
Debt (Financial)
Evaluation
Finance
Financial Problems
Higher Education
Junk bonds
Presidents
Private Colleges
Religious Colleges
School finance
United States
Universities
Universities and colleges
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Zusammenfassung:The long-predicted decline in the fortunes of small private colleges is beginning to show up in the bond market. Since the beginning of 2002, six colleges have been downgraded to "below investment grade," or "junk bond" status. The number now rated in the junk category, 17, has nearly doubled in the last two years.
ISSN:0009-5982
1931-1362