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.

Upgrades
  • 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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