SIU Debt Rating

The debt rating of SIU Carbondale and six other Illinois universities has been downgraded, which will make planned borrowing of around $30 million more expensive.
Moody’s Investor Services has been reviewing university debt ratings since Illinois received the lowest credit rating in the country earlier this year. The drop in rating was triggered by the state’s backlog of unpaid bills and a mounting $100 million in underfunded pensions.
The downgrades affect an estimated $2.2 billion in debt, most of which belongs to the University of Illinois, which has an estimated $1.6 billion in debt.

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Locations : Illinois
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