GSU Credit Rating Downgraded
Governors State University is one of several Illinois Universities whose credit ratings were recently downgraded.
Moody’s Investors Service downgraded Governors State University’s credit rating on Tuesday.
The school came under scrutiny after Moody’s downgraded Illinois’ financial outlook from stable to negative last December. GSU’s heavy reliance on state funding to operate is largely responsible for the downgrade, reports BND.com.
The new, downgraded rating will make it more difficult and expensive for the school to borrow money in the future.
Three other Illinois universities were also downgraded: Northern Illinois University, Eastern Illinois University and Northeastern Illinois University.
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