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NJCU Financial Outlook Improves, Says Fitch
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NJCU Financial Outlook Improves, Says Fitch
New Jersey City University (NJCU) has received a credit rating upgrade from Fitch Ratings, a major financial agency that evaluates how likely organizations are to repay debt. Fitch raised NJCU’s rating from ‘BB+’ to ‘BBB-’ on November 3, meaning the university is now seen as more financially stable than before. Fitch said the upgrade was due to changes made by NJCU’s new leadership team, stronger financial oversight from the state, and progress …
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