Steely Dan’s Old School Downgraded Further Into Junk by Moody’s

  • Bard College cut to B1 from Ba3 on rising debt, little cash
  • Waning donor support, reliance on debt could warrant more cuts

Steely Dan’s old school isn’t getting better with age, as Moody’s Investors Service cut Bard College credit rating further into junk given its increasing debt and depleting liquidity.

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