Credit Rating Factors in a Post-Pandemic World

Credit Rating Factors in a Post-Pandemic World

In the 90-plus days since COVID-19 interrupted the 2020 Spring term in an historically unprecedented fashion, the credit rating agencies have moved quickly to measure the pandemic’s immediate and prospective impact upon higher education institutions across the country. On March 18, Moody’s changed its outlook on the higher education sector

Recapturing Inefficiencies in Escrows

Recapturing Inefficiencies in Escrows

Every month, U.S. Treasury securities are auctioned to determine their appropriate yield. New shorter-term Treasuries with maturity dates of 6 years or less are auctioned monthly or bi-monthly, so that there will be a Treasury security maturing at least monthly for those shorter tenors. Longer-term Treasuries with maturity dates of 7