February 5, 1999

Credit Outlook Is Good for Public Colleges, Investor Service Says

By MARTIN VAN DER WERF

Buoyed by a surge in the college-age population, public colleges and universities have a generally positive credit outlook, says a report issued last week by Moody's Investors Service. However, smaller regional colleges and universities may be imperiled if governments cut their budgets in lean economic times, the report says.

Public universities have taken on debt in recent years to build new facilities or

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