February 10, 2006
Bond-Rating Update
The following institutions had their bond ratings upgraded during January 2006. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
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Allegheny College, by Standard & Poor's, from BBB+ to A. Applies to $43.9-million in new and outstanding bonds. Reasons cited include stabilized enrollment at the Pennsylvania college, an operating-budget
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