January 18, 2008
Bond-Rating Update
The following institutions had their bond ratings upgraded or downgraded during December 2007. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
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Lehigh University, by Moody's Investors Service, from Aa3 to Aa2. Applies to $202-million in outstanding bonds. Reasons cited include a 15-percent increase in financial resources in the 2007
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