Health
Research Universities Face Credit Risk from NIH Funding Cut
- Policy change would reduce research funding for universities
- Federal judge temporarily blocked the Trump-directed cuts
Most of the universities threatened by efforts to pare back government spending currently have high-grade credit ratings.
Photographer: Christopher Occhicone/BloombergThis article is for subscribers only.
Proposed cuts by the Trump administration to a type of federal funding from the National Institutes of Health would pose a credit challenge to universities that receive the funds, analysts at JPMorgan Chase & Co. said.
The NIH has been ordered to slash funding for research at universities and hospitals, though on Monday a federal judge temporarily paused the change. A hearing date is scheduled for Feb. 21.