February 14, 2003
Bond-Rating Update for January 2003
The following institutions had their bond ratings upgraded or downgraded during January 2003. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
| UPGRADES |
- Eckerd College, by Fitch Ratings, from BB- to BB. Applies to $14-million in outstanding bonds. Reasons cited include a 9.7-percent increase in enrollment since 1996,
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