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Howard University’s Credit Rating Cut for Third Time in Three Years

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Howard University commencement 2014. (Freddie Allen/NNPA Photo)

Howard University commencement 2014. (Freddie Allen/NNPA Photo)

Nick Anderson, THE WASHINGTON POST

 
WASHINGTON (The Washington Post) — Moody’s Investors Service cut Howard University’s credit rating Friday for the third time in three years, reflecting continuing financial struggles at one of the nation’s premier historically black institutions.

The agency’s rating on $290 million of revenue bonds stands at Ba2, down from Baa3. The new designation indicates that Moody’s considers the university’s debt below investment grade and a “substantial credit risk.”

As recently as September 2013, Moody’s rated Howard’s debt at A3 — a low risk.

In the Moody’s system, there are 21 rating levels, from Aaa at the top to C at the bottom.

 

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Oakland Post: Week of November 13 – 19, 2024

The printed Weekly Edition of the Oakland Post: Week of November 13 – 19, 2024

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LIVE! — TOWN HALL ON RACISM AND ITS IMPACT — THURS. 11.14.24 5PM PST

Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024, 5 p.m. – 6:30 p.m. PST

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Join us for a LIVE Virtual Town Hall on the Impact of Racism hosted by Post News Group Journalist Carla Thomas and featuring Oakland, CA NAACP President Cynthia Adams & other Special Guests.
Thursday, November 14, 2024
5 p.m. – 6:30 p.m. PST

Discussion Topics:
• Since the pandemic, what battles have the NAACP fought nationally, and how have they impacted us locally?
• What trends are you seeing concerning Racism? Is it more covert or overt?
• What are the top 5 issues resulting from racism in our communities?
• How do racial and other types of discrimination impact local communities?
• What are the most effective ways our community can combat racism and hate?

Your questions and comments will be shared LIVE with the moderators and viewers during the broadcast.

STREAMED LIVE!
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YOUTUBE: youtube.com/blackpressusatv
X: twitter.com/blackpressusa

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Oakland Post: Week of November 6 – 12, 2024

The printed Weekly Edition of the Oakland Post: Week of November 6 – 12, 2024

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