December 16, 2005
Bond-Rating Update
The following institutions had their bond ratings upgraded or downgraded during November. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
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Brooklyn Law School, by Moody's Investors Service, from Baa2 to Baa1. Applies to $87.8-million in outstanding bonds. Reasons cited include strong operating performance at the New York institution,
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