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Report Predicts Russian Universities Will Use Debt

Report Predicts Russian Universities Will Use Debt
April 27, 2012

Top Russian universities may be poised to use debt to finance major improvements in their facilities, according to a new report by Standard & Poor's. The Moscow Times reported that the S&P report follows a new Russian law giving about 30 universities new financial authority, opening up the possibility for them to use debt. The report found that Russian universities -- which have depended on government grants for facilities -- lag their international peers in investments in their physical plants.

 

 

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