April 14, 2006
Bond-Rating Update
The following institutions had their bond ratings upgraded or downgraded during March 2006. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
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State University of New York System, by Moody's Investors Service, from A1 to Aa3. Applies to $428-million in outstanding bonds. Reasons cited include strong demand for student housing, the State
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