Friday, May 8, 2015

Standard and Poor's puts UL, others on Credit Watch status - Ken Stickney, Gannett

Standard and Poor's Ratings Services has fired what one state official says is "a pretty serious warning shot" at five Louisiana public colleges and universities — including the University of Louisiana at Lafayette — placing their credit ratings on Credit Watch status with a negative outlook and possibly hampering future construction projects on their campuses. Standard and Poor's credit analyst Bianca Gaytan-Burrell of the Dallas office said the affected campuses, in addition to UL, are Nicholls State, University of New Orleans, Delgado Community College and LSU's Bogalusa Community Medical Center Project.

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