November 23, 2007
Bond-Rating Update
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.
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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,
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