Bond-Rating Update

By AUDREY WILLIAMS JUNE

The following institutions had their bond ratings upgraded during October 2007. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.

DePaul University, by Moody's Investors Service, from Baa1 to A3. Applies to $192-million in outstanding bonds. Reasons cited include an average operating surplus of 12.8 percent over the last three years,