Bond-Rating Update for August 2001

The following institutions had their bond ratings upgraded or downgraded during August 2001. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.

UPGRADES
  • Hinds Community College, by Moody's Investors Service, from A3 to A2. Applies to $16.5-million in outstanding bonds. Reasons cited include strong economic growth in