January 25, 2002
Bond-Rating Agencies Have Mixed Outlook on Prospects for Colleges in Recession
Moody's Investors Service has darkened its outlook for higher education in the near future, reasoning that the recession and fears over terrorism will hurt tuition revenue, endowment performance, and private giving.
The bond-rating agency changed its outlook for private colleges from "positive" to "cautiously stable." The outlook for public universities and systems was revised from "positive" to "stable."
Moody's, in a report released this month, says that it expects to
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