La Salle University cut to BBB- by Fitch

[stagz]

One step above Junk...

Worrisome. I expect more of this in the coming years as enrollment drops due to declining population of high school grads.

[stags74]

Hopefully, FF with its conservative approach to finance will not find itself exposed like LaSalle is as enrollment declines. If I was SHU, I might be worried because that school appears to be expanding rapidly by leveraging itself more so then FF.