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BUSINESSBloomberg Markets·1d ago

NYC Private School That Inspired ‘Gossip Girl’ Cut by Moody’s

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Moody's Ratings downgraded the credit score of The Nightingale-Bamford School in Manhattan after the school decided to use its endowment to fund a new athletics facility.

The Nightingale-Bamford School, an elite all-girls school on Manhattan’s Upper East Side, is turning to its endowment to help finance a new athletics facility as it continues raising money for the project, a strategy that prompted Moody’s Ratings to downgrade its credit score.

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