May 1, 2009
Moody's Outlines Factors That Could Lead to Credit-Rating Downgrades
In this period of "unprecedented" financial stress for colleges, Moody's Investors Service outlines in a report to be issued today six factors that it will consider in determining whether it downgrades the credit ratings of hundreds of colleges whose $150-billion in debt it rates.
It also lays out 13 situations it considers "analytical red flags" that could trigger a rating review.
In the "special comment" report, the agency says that if a college violates a bond
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