Morehouse College credit rating cut, Kennesaw State University stable, in volatile higher ed bond market
By David Pendered Morehouse College, the alma mater of Martin Luther King, Jr., has received a…
Georgia (Jan 23, 2013) — By David Pendered
Link To Articlehttp://saportareport.com/blog/2013/01/morehouse-college-credit-rating-cut-ksu-stable-in-volatile-higher-ed-bond-market/
Morehouse College, the alma mater of Martin Luther King, Jr., has received a credit rating that’s barely investment grade, and with a negative outlook, on $23.4 million in bonds to be sold this week. The rating is just three notches above a rating of speculative.
A leader in innovative teaching and learning, Kennesaw State University offers more than 150 undergraduate, graduate and doctoral degrees to its approximately 41,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the third-largest university in the state. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the region and from 92 countries across the globe. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status, and one of the 50 largest public institutions in the country. For more information, visit kennesaw.edu.