Dowling credit rating unchanged amid struggles
Photo credit: Michael E. Ach | Dowling College in Oakdale before the fall semester starts. (Aug. 5, 2010)
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Dowling College
Financial problems and enrollment declines continue to plague Dowling College, a Moody's Investors Service report released Thursday found.
But Moody's left Dowling's Caa1 credit rating -- a speculative grade -- intact and removed it from review. Moody's twice downgraded Dowling's junk-rated debt in 2011.
Student-enrollment declines and Dowling's high dependence on tuition for operating...
