With admissions plummeting since the end of the recession, S&P observes that credit quality of stand-alone law schools and law schools associated with smaller regional and non-flagship public universities has been deteriorating. Only component law school credit ratings for national and large public universities remain high. “[T]he strong [are] becoming stronger or remaining stable while the weak are becoming weaker.” For details, see S&P’s As Law School Demand Drops, Credit Quality Among U.S. Schools Diverges (Dec. 5, 2013). See also Brian Leiter’s Law School Reports post. — Joe
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