June 15, 2001
Bond-Rating Update for May 2001
The following institutions had their bond ratings upgraded or downgraded during May 2001. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
| UPGRADES |
- Bowdoin College, by Moody's Investors Service, from Aa3 to Aa2. Applies to $59-million in new and outstanding bonds. Reasons cited include the institution's
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