Post by libby on Feb 1, 2016 23:14:38 GMT -6
The University of Missouri System has had the outlook on its AA+ credit rating downgraded from stable to negative by Standard & Poor's.
In announcing the negative outlook, the credit rating agency reported that, while, the university's balance sheet has remained stable, the ratio of available resources to debt may not be consistent with the AA+ rating.
A downgraded outlook is generally a precursor to the credit agency lowering the an organization's credit rating.
The S&P report also touched on the recent upheaval at the system office and on the Columbia campus.
Read more: www.stltoday.com/news/local/education/university-of-missouri-protests-could-lead-to-lower-credit-rating/article_10eb363d-c573-5e08-bf6f-d14ba53a57bc.html
In announcing the negative outlook, the credit rating agency reported that, while, the university's balance sheet has remained stable, the ratio of available resources to debt may not be consistent with the AA+ rating.
A downgraded outlook is generally a precursor to the credit agency lowering the an organization's credit rating.
The S&P report also touched on the recent upheaval at the system office and on the Columbia campus.
Read more: www.stltoday.com/news/local/education/university-of-missouri-protests-could-lead-to-lower-credit-rating/article_10eb363d-c573-5e08-bf6f-d14ba53a57bc.html