Moody’s Downgrades 3 Illinois Universities to Junk or Just Above Junk

http://finance.townhall.com/columni...versities-to-junk-or-just-above-junk-n2124858

The Illinois budget impasse has now spread to three universities struggling to pay bills. Moody’s cut Eastern Illinois University’s credit rating to junk territory while Northeastern Illinois University and Northern Illinois University sit one notch just above junk. All three universities are in danger of losing accreditation. More downgrades will come.