October 22, 2004
Bond-Rating Update
Previous bond-rating updatesThe following institutions had their bond ratings upgraded or downgraded during September 2004. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
- Bennington College, by Moody's Investors Service, from Ba3 to Ba1. Applies to $7.8-million in outstanding bonds. Reasons cited include a $10-million cash gift to the
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