TITLE

UMDNJ on CreditWatch

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
August 2006
SOURCE
Bond Buyer;8/7/2006, Vol. 358 Issue 32439, p25
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the A-minus rating of the University of Medicine and Dentistry of Newark, New Jersey has been placed on CreditWatch with negative implications by Standard and Poor's. According to the article, the CreditWatch placement affects about $500 million of the university's outstanding debt. Several factors that influence Standard's decision include the university's accreditation which is on probation and its higher-than-anticipated costs associated with overbilling and fraudulent charges.
ACCESSION #
21888618

 

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