Report Predicts Russian Universities Will Use Debt

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.