Moody's Investor Service helps Southern with credit rating

Monday, August 29, 2011 - 3:36pm

BATON ROUGE, LA (FOX44) - Southern University's credit rating in trouble,and lower enrollment may be to blame.

Moody's Investor Service says they're looking at how southern spends their money because they're afraid they won't be able to pay back their 61 million dollars in debt.

At a board meeting set for Wednesday The Board of Supervisors will declare a Financial Emergency at Southern.

"If Southern's credit score or credit rating is lower than LSU's it's gonna cost them more to build projects and build classrooms than it would LSU, so over the long haul of the project, Southern's gonna pay more than LSU would. " - said Patrick Coogan, a local financial planner

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