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Moody’s: 6 Illinois universities facing potential credit rating downgrades

Kevin HoffmanReboot Illinois

Apr 18, 2017

Moody’s Investors Service once again has the state’s higher education institutions in its crosshairs, announcing this week that six public colleges have been placed under review for potential downgrades.

The news came on the same day Moody’s downgraded Northeastern Illinois University’s rating two levels deeper into junk bond territory, from Ba2 to B1.

Among the six institutions placed on watch is the University of Illinois, which so far has fared significantly better than its counterparts throughout the 22-month-long budget impasse because the school is far less reliant on state aid.

The flagship university’s primary bond rating of Aa3, for now, is five notches higher than the state of Illinois’ Baa2…

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