March 16, 2007
Bond-Rating Update
The following institutions had their bond ratings upgraded or downgraded during February 2007. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
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Abilene Christian University,by Moody's Investors Service, from Baa1 to A3. The rating does not apply to any outstanding debt but affects the Texas institution's long-term credit quality.
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