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Newark, NJ
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Newark
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April 01, 2015
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NJIT's Debt Rating Downgraded as School Plans New Basketball Arena

"All of the construction cranes and ribbon cuttings at New Jersey Institute of Technology have some Wall Street analysts worried."

"Financial analysts at Standard & Poor's downgraded NJIT's debt rating last week, citing concerns about the amount of money the public university is borrowing to construct new buildings."

Noted at NJ.COM

See link to full article below.
Source:
NJ NJIT Funding Article Second NJ NJIT Funding Article
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