Moody's issues Pima Community College a 'negative outlook'

Lynn Russo Whylly's picture
Thursday, May 16, 2013

A major bond rating firm has taken notice of the turmoil at the top of Pima Community College.

Moody's Investor Service has affirmed the college's healthy credit rating for now, but issued a "negative outlook" for the school on Monday.

The negative label is a direct result of PCC being placed on probation last month by its accreditor, the Chicago-based Higher Learning Commission, Moody's said.

The accreditor identified pervasive problems with PCC's governance and administration, including "dysfunctional" board members, corrupt contracting practices and abusive senior executives who created a "culture of fear."

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