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Fitch Downgrades William Paterson University (NJ) Revs to 'A+'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has assigned an 'A+' rating to the approximately $45 million series 2015 revenue and refunding bonds issued by the New Jersey Educational Facilities Authority (NJEFA) on behalf of William Paterson University (WPU, or the university). The bonds are expected to be sold via negotiation on or about the week of August 3. Proceeds will be used to finance the renovation and construction of certain academic facilities (the Hunziker Project) and to current refund

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