June 15, 2007
BOND-RATING UPDATE
The following institutions had their bond ratings upgraded or downgraded during May. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
- Northern Kentucky University, by Standard & Poor's, from A to A. Applies to $15.8-million in outstanding debt. Reasons cited include a history of operating surpluses and prudent budgets,
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