TRENTON — Critics, including a U.S. senator, are convinced that a main motivation behind a plan to merge Rutgers University’s Camden campus into Rowan University is an effort to improve the Glassboro school’s financial position.
But Rowan officials say they don’t yet know how the money would work out. And it’s the same with the bond rating agency that’s often cited in the debate.
“So many things could change it’s hard to play the what-if game,” said Edie Behr, a vice president and senior credit officer at Moody’s Investors Service who has studied the merger plans. “Who’s going to be responsible for the payment of which bonds, whether bonds will be refinanced are restructured, whether the state will help to offset the costs in some way.”
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