April 20, 2017 / 10:21 PM / 5 months ago

BRIEF-S&P says Northeastern Illinois University debt rating lowered three notches to 'B' on budget uncertainty

April 20 (Reuters) - S&P Global Ratings:

* S&P says Northeastern Illinois University debt rating lowered three notches to ‘B’ on budget uncertainty; On watch negative

* Lowered long-term rating and underlying rating 3 notches on Northeastern Illinois University board of trustees’ outstanding UFS, COPS bonds, issued for NEIU

* Also placed Northeastern Illinois University debt ratings on creditwatch with negative implications

* Northeastern Illinois University debt rating downgrade, creditwatch status reflect belief that state may fail to pass fiscal 2017 budget by end of May Source text (bit.ly/2pk76V8)

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