August 16, 2002
Bond-Rating Update for July 2002
The following institutions had their bond ratings upgraded or downgraded during July 2002. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
| UPGRADES |
- College of Saint Catherine, by Moody's Investors Service, from Baa2 to Baa1. Applies to $48.6-million in new bonds. Reasons cited include an increase of nearly 50
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