May 13, 2005

Public Colleges Warned on Privatization

By SARA LIPKA

Public universities' growing assumption of some characteristics of private institutions may create uncertainty for the quality of their credit, said a report released last week by the credit-rating agency Standard & Poor's.

The trend toward privatization could subject public universities -- whose credit ratings have historically been higher and more stable than those of private universities -- to the same vulnerability the private sector has experienced

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