Moody’s Investors Service first downgraded the state’s bond rating because of budget problems and its sluggish economic recovery. Now the credit agency has downgraded the University of Kansas. Moody’s cited “the state’s budgetary challenges” and KU’s “thin operating performance and limited liquidity” in deciding last week to lower KU’s rating from Aa1 to Aa2. Kansas State University’s bond rating by Moody’s was already Aa2. Wichita State University’s rating is Aa3.
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