Municipal Bond Credit Report: Enrollment, tuition pressure bring downgrade to University of the Sciences

Municipal Bond Credit Report: Tuition pressures combined with a heavy debt burden led to a downgrade for the Philadelphia-based University of the Sciences. Moody’s Investors Service lowered USciences bonds one notch to Baa1 from A3 Wednesday, citing the private nonprofit school’s weakening 2019 fiscal year operating performance, driven largely by a second consecutive year of declining net tuition revenue. … Link to Story