February 13, 2004
Bond-Rating Update
Previous bond-rating updatesThe following institutions had their bond ratings upgraded or downgraded during January 2004. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
- Nichols College, by Standard & Poor's, from BB+ to BBB-. Applies to $21.4-million in outstanding bonds. Reasons cited include the Massachusetts institution's surpluses
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