December 19, 2003
Debt: Some Private Colleges Face a Decline in Credit Ratings
Graphic: Changes in Colleges' Bond RatingsRelated articles: Financial Outlook 2004By AUDREY WILLIAMS JUNE
Thinly endowed, financially struggling private institutions will continue to see their credit ratings fall. The economy has pushed expenses to record levels, made it harder to attract private gifts, and triggered fierce competition for students whose tuition makes up the bulk of revenues.
"Even though the stock
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