January 10, 2003
Bond-Rating Update for December 2002
The following institutions had their bond ratings upgraded or downgraded during December 2002. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
| UPGRADES |
- Purdue University's main campus, by Moody's Investors Service, from Aa2 to Aa1. Applies to $484-million in soon-to-be issued and outstanding bonds. Reasons cited
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