Higher education?-----Wayne State's financial problems prompt Moody's to change outlook to 'negative'

Wayne State's financial problems prompt Moody's to change outlook to 'negative':
"As Wayne State University continues to struggle with declining enrollment, school officials are spending cash reserves at an alarming rate.
As a result, Moody’s Investors Services has assigned a negative outlook for Wayne State.
“The revision of the outlook to negative reflects the incremental weakening of Wayne State University’s fundamental credit through the spend down of financial reserves and multi-year decline in enrollment,” the report states.
...In late 2014, Standard and Poor’s also downgraded its outlook for Wayne State to negative.
Despite the downgrade, the university continued to spend money and create more debt. 
...When Wayne State dropped math from graduation requirements in June, the Board of Governors learned about it from the media.
In the past five years, Wayne State’s enrollment has fallen more than 10%, from 30,510 in 2009 to 27,222 in 2015.
...Another concern of Moody’s is the Wayne State University School of Medicine, which faces accreditation problems because of numerous violations, including a drop in minority enrollment.
The medical school’s deficit also reached $30 million this year..."