Do Colleges Have Strength to Heed Bond Rating Agency Warnings?
BY BRIAN C. MITCHELL Moody’s and Standard & Poor’s recently released their updated outlooks for American higher education. The news is not good. Moody’s revised its 2018 outlook for higher education from stable to negative “as aggregate operating revenue moderates while expense growth increases.” Moody’s vice president, Susan E. Shaffer, elaborated: “the annual change in…