May 17, 2002
Bond-Rating Update for April 2002
The following institutions had their bond ratings upgraded or downgraded during April 2002. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
| UPGRADES |
- Bennington College, by Moody's Investors Service, from B2 to Ba3. Applies to $8.2-million in outstanding bonds. Reasons cited include a full-time enrollment that grew
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