December 14, 2001
Bond-Rating Update for November 2001
The following institutions had their bond ratings upgraded or downgraded during November 2001. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
| UPGRADES |
- Auburn University, by Moody's Investors Service, from A1 to Aa3 on $137-million in general-fee bonds, and from A2 to A1 on $53-million in athletic-fee bonds. Reasons
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