July 14, 2006
Bond-Rating Update
The following institutions had their bond ratings upgraded in June. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
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California State University system, by Standard & Poor's, from A to A+. Applies to $2-billion in outstanding bonds. S&P also upgraded an additional $1.1-million in debt from A to A. Reasons cited include the
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