S&P’s higher ed outlook stays negative in 2020
S&P Global Ratings gave nonprofit colleges and universities a negative outlook for the third-straight year, citing continued challenges that could do more to hurt than help institutions’ credit ratings. However, well-resourced institutions with broader reach and recognition are expected to fare better than smaller, regional schools, the ratings agency noted in a report explaining its outlook. The outlook comes a month after Moody’s Investors Service upgraded the sector’s rating to stable for 2020, while Fitch Ratings kept its negative.
