Daniel Webster Dropped

Scarchilli, Michael
March 2006
Bond Buyer;3/13/2006, Vol. 355 Issue 32337, p31
Trade Publication
The article reports that Moody's Investors Service Inc. downgraded Daniel Webster College's $16.7 million debt to B1 from Ba3. The agency maintains its negative outlook on the bonds issued through the New Hampshire Health and Educational Facilities Authority. Some reasons for the downgrade include the college's limited liquidity, small enrollment size, reliance on a line of credit for seasonal cash flow and challenging student market position.


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