The University of Missouri never recovered from the campus protests of 2015. Enrollment has dropped drastically and they have closed dorms.
Now things are getting even worse. The financial service company known as Moody’s has downgraded the university’s credit outlook to negative. This is really bad.
The Associated Press reports:
University of Missouri Credit Outlook Downgraded to Negative
A major financial ratings agency has downgraded the University of Missouri system’s credit outlook from stable to negative, citing enrollment declines on the flagship campus in Columbia and declining state revenue.
Moody’s Investor Services on Thursday also affirmed the university’s Aa1 credit rating, the second highest rating possible. Moody’s said the university’s revenue and overall financial health give it the flexibility to deal with year-to-year financial challenges.
System President Mun Choi said in a news release Friday that the university recognizes the financial challenges presented by declining enrollment and state funding cuts.
It is important to note that this problem was entirely self inflicted. The school could have taken corrective measures after the bad publicity of the campus protests but for unknown reasons, they didn’t.
Now the school is bleeding money and can’t even rely on its own credit rating to make up the difference.
A once great institution is circling the drain.