November 16, 2001
Bond-Rating Update for October 2001
The following institutions had their bond ratings upgraded or downgraded during October 2001. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
| UPGRADES |
- Drexel University, by Standard & Poor's, from A- to A. Applies to $140-million in outstanding bonds. Reasons cited include "strong financial performance" in the
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