January 13, 2006
Bond-Rating Update
The following institutions had their bond ratings upgraded or downgraded during December 2005. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
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Brooklyn Law School, by Standard & Poor's, from BBB to BBB+. Applies to $89-million in outstanding bonds. Reasons cited include a fall 2005 acceptance rate of 28 percent at the New York
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