Yeshiva University received some positive financial news as the school prepares for new president Ari Berman to take the helm, with the Moody’s credit agency upgrading the institution’s financial outlook from “negative” to “stable.” The university will “execute its plans and reach financially sustainable operations,” wrote the company, according to a report in the Commentator,…
For the third time in two years, Moody’s, the credit ratings service, has downgraded Yeshiva University’s debt, citing the school’s deep operating deficits, weak cash flow and uncertainty about a pending $380 million lawsuit filed against it. Just a few years ago, Moody’s gave Y.U. a healthy Aa3 credit rating. Moody’s latest report, released October…
Standard & Poor’s will leave Israel’s credit rating unchanged at A+, projecting its economy will remain stable. The announcement follows an annual visit by S&P representatives a month ago. The delegation met with Finance Minister Yair Lapid, high-ranking officials in the Finance Ministry and the Bank of Israel, as well as, seniors in the public…
Yeshiva University’s credit rating has been downgraded by a major ratings agency amid large and growing deficits, a falling endowment and fears of costly litigation stemming from recent allegations of sexual abuse at its high school. Moody’s downgraded Y.U.’s debt from A2 to Baa1, putting it below the median credit rating for similar institutions. The…
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