December 13, 2002
Bond-Rating Update for November 2002
The following institutions had their bond ratings upgraded or downgraded during November 2002. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
| UPGRADES |
- College of the Holy Cross, by Moody's Investors Service, from A1 to Aa3. Applies to $130-million in outstanding bonds. Reasons cited include expectations that
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