Inside High Ed reports:
Moody’s Investors Service warned Monday that colleges with variable interest rates on their debt may face additional risks in light of problems with credit markets and the economy. The report, “Risks of Variable Rate Debt No Longer Hidden,” notes that 73 percent of private colleges and universities rated by Moody’s issued at least some variable rate debt, and 29 percent of those institutions issued at least 50 percent of their bonds with variable debts.
Williams has variable rate debt. Should we be concerned?