This is good news for our friends in Brooklyn Heights. Moody's Investor Service issued a brief report on Brooklyn Law yesterday, affirming the school's Baaa1 bond rating and concluding that the school's outlook is stable notwithstanding the state of legal education. Read all about it here.
One interesting nugget: notwithstanding the shrinking market of applicants, Brooklyn expects to hold its 1L class size steady. It's difficult to imagine that this won't result in a material decline in 1L indicators. It's tough to hold a 159/3.4 in a competitive New York market. At the same time, Brooklyn won't be alone. Not every university is as generous as the University of Minnesota.