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Science and Technology
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Harrisburg University's bond rating downgraded again


Published on 2025-03-24 17:22:21 - PennLive
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  • S&P Global Ratings announced last week that it had downgraded HU's rating from BB- to B- on the bonds issued by the Dauphin County General Authority for the construction of an 11-story academic building that opened in 2023.

The article from PennLive discusses the recent downgrade of Harrisburg University's bond rating by Moody's Investors Service, marking the second such downgrade in less than a year. The university's rating was lowered from B1 to B2, reflecting concerns over its financial stability and liquidity. This downgrade comes amidst challenges like enrollment declines, increased competition for students, and significant debt from past expansions. Moody's highlighted issues such as the university's high debt burden, reliance on variable rate debt, and a lack of sufficient liquidity to cover upcoming debt maturities. Despite these financial strains, Harrisburg University has been attempting to diversify its revenue streams and manage costs, but the rating agency remains skeptical about the institution's ability to stabilize its finances in the near term.

Read the Full PennLive Article at:
[ https://www.pennlive.com/news/2025/03/harrisburg-universitys-bond-rating-downgraded-again.html ]