Last week on August 4th, Moody’s released the final version of their revised rating methodology for the higher education sector. This new methodology applies to all higher education institutions globally, including both public and private colleges and universities, technical schools, and community colleges.   The finalized revised methodology is consistent

The debt ceiling for the United States is currently suspended until July 31 and at that time, it will be set to the amount of debt on that day. Once that new limit is set, by design, the Treasury department will be legally prohibited from incurring any additional debt. Today,

Today’s popular economic narrative says to expect a strong recovery, with rising inflation at the same time. However, if we go into a recovery and inflation takes off, it is likely we would have a truncated recovery. With a weaker dollar comes a bigger trade deficit, and then inflation would

We are now four months into the year and various credit and market developments continue to unfold, many of which are favorable to the borrower and issuer community. In case you missed them, highlighted here are some tidbits that you may find of interest as your organization establishes or advances

Recently, Moody’s released a proposed update to their higher education rating methodology. The update proposes to combine their existing methodology for four-year higher educational institutions with that for community colleges issuing revenue-backed debt; revise scorecard metrics, weights, and ranges (including replacements and additions); and assign issuer ratings to U.S. colleges

The onset of the COVID-19 pandemic in 2020 has created significant new challenges for all higher education institutions and further exacerbated existing challenges. Faced with unprecedented disruptions to “status quo” methods of operation last March, colleges and universities have adapted admirably on the fly, shifting students to remote or hybrid

Since we published our 2020 Mid-Year Market Update last June, the financial markets have calmed down from the historic turbulence experienced as a result of the COVID-19 pandemic. Two topics have come to the forefront of current municipal market discussion: the changing rate environment, and the continued efforts to transition

Key Public Finance Themes for 2021 It is just one month into calendar year 2021 and we are already seeing themes of the coming year emerge. Highlighted below are three themes to which our team is paying particularly close attention.  LIBOR Transition The anticipated LIBOR transition is undoubtedly one of

There has been very little normalcy in calendar year 2020. We as a country, our communities, and each of us individually have taken on challenges over the last 10 months that we couldn’t have imagined prior to this year. “We’re in this together” has been a message of hope and support as

Borrowers of long-term debt are always faced with this question: should we borrow on a fixed rate or a variable rate basis? This question arises irrespective of whether the borrowing will occur on a taxable or tax-exempt basis, or whether the borrower is a governmental, non-profit or corporate entity. It is a