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Cobb, Brian T.; Hanna, John P. – Business Officer, 1998
In the process of restructuring its debt and taking on additional debt, Franklin Pierce College (New Hampshire) accepted the consequences of a downgrade in its investment-grade rating. This resulted in a successful bond sale, with bonds carrying an insured single-A rating. Events leading up to the restructuring and credit issues considered by the…
Descriptors: Case Studies, Change Strategies, College Administration, Credit (Finance)
