Moody's revises University of Chicago outlook to negative

Crain's Chicago Business reports:

Moody's Investors Service lowered its outlook to negative on debt issued by the University of Chicago, as operating performance falls and the prospect of new debt and more debt service looms for the expansion-minded South Side school. Fitch Ratings, meanwhile, affirmed its stable outlook. Though Moody's affirmed its Aa1 rating on the Hyde Park institution’s $2.6 billion in outstanding debt, the New York-based rating agency said the negative outlook was driven by thinner cash flow in the face of rising debt service