December 15, 2000
Bond-Rating Update for November 2000
The following institutions had their bond ratings upgraded or downgraded during November 2000. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
- City University of New York system, by Fitch, from A- to A. Applies to $3.6-billion in new and outstanding bonds. Reasons cited include the improving credit of New