- President announces unexpected resignation at Howard U.
- Bond Issue(s)
- Temple U.'s new information security policy puts data, not devices, first
- Quick Takes: Cuomo Sees Redlining in Student Loans, Duke Settles With Lacrosse Players, Kentucky Adjusts Domestic Partner Benefits, Audit Prompts Resignation, Virginia Intermont Survives, Yeshiva U.'s Anti-Boycott Stance, Wiki Reality Challenged
- Upgraded in Down Economy
Moody's Investors Service on Tuesday announced that it has downgraded Howard University's credit rating from A3 to Baa1 (or from a low to moderate credit risk). Moody's cited a number of financial challenges facing Howard, including budget problems at the university hospital, declines in enrollment, and dependence on federal support at a time that such support will be difficult to grow. Sidney A. Ribeau, president of Howard, said in a statement to The Washington Post that the university has "a robust strategy to mitigate soft enrollment,” and plans for long-term changes in the hospital.
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