S & P drops Rutgers' bond rating; med school "a drag on Rutgers."

[retired711]

http://www.philly.com/philly/blogs/inq-phillydeals/New-medical-school-a-drag-on-Rutgers-report.html

Just think though; RU's credit rating is still better than the State of New Jersey's.

This is unfortunate because it will mean RU will have to pay higher interest rates when it issues new bonds. Barchi tried to avoid this result, but couldn't. Maybe the bond rating will come back as the merger comes forward. I certainly hope so.

 

[rufancoe00]

Thank you NJ. For placing the entire burden on Rutgers while cutting breaks for that normal school being run by nor cross and his cronies