April 30, 2004
Bond-Rating Update
Previous bond-rating updatesThe following institutions had their bond ratings upgraded or downgraded during March. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
- Denison University, by Moody's Investors Service, from A1 to Aa3. Applies to $107.6-million in new and outstanding bonds. Reasons cited include financial resources that provide a
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