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Operations at private universities could take a hit if schools are forced by graduate student unions to raise pay or lighten workloads, Moody’s Investors Service said Thursday, but the brunt of the impact would be felt at midsize institutions, not the Ivy League schools making the biggest fuss. In a note to investors, the credit rating agency said a recent National Labor Relations Board decision granting graduate students the legal protection to unionize is “credit negative” for private universities, meaning the ruling could be a factor in future ratings.

https://www.washingtonpost.com/news/grade-point/wp/2016/09/01/moodys-warns-that-graduate-student-unions-could-hurt-private-universities-but-not-the-ones-you-might-think/ The Washington Post