October 12, 2007
Bond-Rating Update
The following institution had its bond rating upgraded during September 2007. Ratings, which reflect the relative financial strength of colleges and universities, help determine their cost of borrowing.
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Monmouth University, by Moody's Investors Service, from Baa1 to A3. Applies to $26-million in outstanding bonds. Reasons cited include a "strong and consistent" operating performance at the New
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