Illinois Public Universities Outlook Revised To Negative On State Outlook Change, Potential Reduction In State Funding - S&P Global Ratings’ Credit Research

Illinois Public Universities Outlook Revised To Negative On State Outlook Change, Potential Reduction In State Funding

Illinois Public Universities Outlook Revised To Negative On State Outlook Change, Potential Reduction In State Funding - S&P Global Ratings’ Credit Research
Illinois Public Universities Outlook Revised To Negative On State Outlook Change, Potential Reduction In State Funding
Published Apr 09, 2020
3 pages (1702 words) — Published Apr 09, 2020
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About This Report

  
Abstract:

CHICAGO (S&P Global Ratings) April 9, 2020--S&P Global Ratings revised the outlook to negative from stable and affirmed its ratings on the public universities in the state of Illinois. This action follows the recent outlook revision to negative on Illinois' (BBB-/Negative) general obligation debt outstanding (see "State Of Illinois And Related Ratings," published April 6, 2020, on RatingsDirect). In our opinion, for the rated public universities, the impact from weaker economic conditions could mean a material reduction in state funding and appropriations for higher education. Given the outlook revision on the State of Illinois to negative from stable, reflecting the economic challenges raised by shelter-in-place and other directives to protect the health and safety of individuals from the community spread

  
Report Type:

Ratings Action

Issuer
Southern Illinois University
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Illinois Public Universities Outlook Revised To Negative On State Outlook Change, Potential Reduction In State Funding" Apr 09, 2020. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Public-Universities-Outlook-Revised-To-Negative-On-State-Outlook-Change-Potential-Reduction-In-State-Funding-2410282>
  
APA:
S&P Global Ratings’ Credit Research. (). Illinois Public Universities Outlook Revised To Negative On State Outlook Change, Potential Reduction In State Funding Apr 09, 2020. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Illinois-Public-Universities-Outlook-Revised-To-Negative-On-State-Outlook-Change-Potential-Reduction-In-State-Funding-2410282>
  
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