Midwestern State University 'maxed out on debt'
WICHITA FALLS -- Midwestern State University is ready for some football - namely a football stadium.
“We have started to try to identify potential donors for a stadium,” MSU President Suzanne Shipley said at the university’s board of regents meeting Thursday. “It’s right there in the forefront of our planning.”
But MSU also is trying to keep an eye on the amount of debt the university has taken on as of late, considering its many construction projects, not all of which will affect the school’s bond rating, or the grade given by companies such as Moody’s and Fitch to indicate an entity’s credit quality and financial strength.
The bottom line, according to MSU’s Marilyn Fowlé, vice president of administration and finance, is, “We can’t take much more (debt) on without our overall budget growing.”
Read more: http://www.timesrecordnews.com/story/news/education/2017/02/10/msu-maxed-out-debt/97753852/
