Amherst College Cut by S&P as Ranks of Top-Rated Schools Thin – Bloomberg 09-21-12

Salient to Investors:

Amherst College lost its top credit rating because of a significant debt increase that reduced its standing relative to top-grade liberal-arts peers, and Williams College was downgraded in July because of diminished financial resource ratios.

Amherst issued $100 million of taxable bonds after investing in illiquid assets such as private equity left it short on cash

Read the full article at http://www.bloomberg.com/news/2012-09-21/amherst-college-cut-by-s-p-as-ranks-of-top-rated-schools-thin.html