Fitch Downgrades Roosevelt University Illinois to 'BBB+'. Biotech Week | November 4, 2009 | COPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information) Copyright

Fitch Ratings has assigned a 'BBB+' rating to approximately $184.2 million Illinois Finance Authority (the authority) revenue and refunding bonds, series 2009, to be issued on behalf of Roosevelt University (Roosevelt). Simultaneously, Fitch has downgraded to 'BBB+' from 'A-' its rating on approximately $45.5 million of Roosevelt's outstanding parity debt revenue bonds. The fixed-rate series 2009 bonds are expected to price via negotiation on or about Nov. 5, 2009. Proceeds will be primarily used to finance the construction of a 32-story facility on Roosevelt's main Chicago ...

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