Thread regarding New Jersey City University layoffs

Fitch Affirms New Jersey City University, NJ Revs at 'BBB-'; Outlook Remains Negative

"The 'BBB-' ratings continue to incorporate NJCU's high leverage, historically thin cash flow, and moderate demand indicators with a trend of declining enrollment. Despite its materially improved liquidity and leverage position through fiscal 2021 (unaudited year ended June 30), remaining challenges continue to anchor the ratings at the current low-investment grade level."

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