Planning for Higher Education Journal

Fiscal Structure and Public College and University Credit Ratings

An Exploratory Analysis
Journal Cover
From Volume 45 Number 3 | April–June 2017
By Gabriel Ramon Serna, Joshua Cohen
Planning Types: Resource Planning

Using ordered response models often employed in public finance, we explore the possible determinants of public college and university credit ratings based on the fiscal structure of a number of institutions that are members of the Western Interstate Commission for Higher Education (WICHE). We argue that by understanding the role of fiscal structure in the determination of institutional credit ratings, leaders can respond appropriately to variable economic conditions. They can also begin to manage and plan the ways in which their operations and fiscal structure impact their debt costs through credit ratings.

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