Moody's downgraded Rider University's bond rating

Image:  Analysts at Moody’s Investors Service recently downgraded Rider University’s bond rating, signaling that the credit rating agency is increasingly concerned about the institution's precarious finances. Rider’s rating fell from Ba1 -- already a non-investment-grade or “junk” bond rating -- to Ba2 earlier this month. Such ratings indicate to potential investors that investing in the university is risky because the university may be unable to pay back its debts. “The rating...