This stand-alone graduate university of 1,900 students within the Claremont Consortium had its bond rating downgraded two steps in November 2017 by Moody’s Investors Service to Baa3 (with a negative outlook) from its previous Baa1. This places Claremont Graduate University one step above Ba, which is Moody’s highest junk-bond rating.
Moody’s cited enrollment challenges that have “weakened operating performance,” stating that this “will lead to deterioration of spendable cash and investments and thinning liquidity.”
See the following link to the November Moody’s downgrade statement: