Sunday, July 31, 2016

State budget crisis drags JWCC's credit rating down - Carol Ostrow, West Central Reporter

John Wood Community College in Quincy was recently downgraded by Moody’s Investors Service -- along with 14 other Illinois institutions of higher learning -- slipping from an Aa3 to an A1 ranking by the standard-bearing credit agency. Serving the tri-state area of Illinois, Missouri and Iowa with transfer and career programs, John Wood Community College was one of 27 community college programs statewide to become a casualty of the budget stalemate that has dragged on for a year. JWCC-Community College District 539 was reassigned the lower rating under Illinois’ general obligation unlimited tax debt. The college has $8.9 million of outstanding general obligation debt.

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