March 21, 2008
Bond-Rating Update
The following institutions had their bond ratings upgraded during February 2008. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
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Appalachian State University, by Moody's Investors Service, from A2 to A1. Applies to $107.8-million in outstanding bonds. Reasons cited include the university's solid regional market position, strong
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