September 20, 2011
Moody's Sees Decline in Downgrades Despite Rocky Economy
Moody's Investors Service is on track to downgrade fewer colleges this year than it did in the previous two, yet increasing debt loads and declining state and private support mean colleges aren't off the hook.
So far this year, the company has downgraded the credit ratings of 17 colleges, reflecting the uptick in negative activity since the recession began in 2008.
Thirteen of the downgrades this year were of private universities, such as DePauw, Drexel, and Wittenberg