Educational Technology

March 27, 2020

Moody’s lowers higher ed outlook to negative amid coronavirus crisis

Filed under: Educational Technology — admin @ 12:30 am

Jeremy Bauer-Wolf, Education Dive
Moody’s Investors Service downgraded its outlook for the higher education sector from stable to negative, predicting widespread instability as a result of the new coronavirus.¬†Colleges will face “unprecedented enrollment uncertainty” headed into the next fiscal year as the virus and the disease it causes, COVID-19, throws the country into economic turmoil, the credit rating agency wrote in an analysis released Wednesday.¬†Institutions’ budgets will immediately be stressed as they are forced to respond to outbreaks of the virus, and those with weak finances will likely have more trouble adapting to trying conditions in the future.

Share on Facebook

No Comments

No comments yet.

RSS feed for comments on this post.

Sorry, the comment form is closed at this time.

Powered by WordPress