March 14, 2003

Bond-Rating Update for February 2003

By AUDREY WILLIAMS JUNE

The following institutions had their bond ratings upgraded or downgraded during February 2003. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.

UPGRADES
  • Illinois State University, by Moody's Investors Service, from A3 to A2. Applies to $59-million in new and outstanding bonds. Reasons cited include an enrollment

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