College closures gradually increase as higher education faces myriad challenges

With bankruptcy to shed debt and stay open largely unviable, colleges grappling with falling enrollment and rising costs are increasingly closing. In a shutdown, bondholder outcomes are a wild card with the amount of reserves on hand and value of real estate assets playing a role. Guest: Susan Shaffer, Vice President – Senior Credit Officer, Moody’s Investors ServiceHost: Nick Samuels, Senior Vice President, Moody’s Investors ServiceRelated content on Moodys.com (may only be available to registered users and subscribers):Higher Education – US: Closures, while still rare, will gradually increase even as other options are explored