The $685 million University of Phoenix purchase could trigger a “multi-notch downgrade” in the University of Idaho’s bond rating, according to a newly issued report.
The $685 million University of Phoenix purchase could trigger a “multi-notch downgrade” in the University of Idaho’s bond rating, according to a newly issued report.
The University of Idaho now has an A1 bond rating. The proposed $685 million University of Phoenix purchase jeopardizes that high rating, analysts said last week.
The University of Idaho is one step closer to its affiliation with the University of Phoenix. The Four Three Education Inc. acquisition was brought to a standstill by an open meetings lawsuit brought against the Idaho State Board of Education by the state’s attorney general, Raul Labrador. Ada County District…