October 17, 2003
Bond-Rating Update
The following institutions had their bond ratings upgraded or downgraded during September 2003. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
| UPGRADES |
- Louisiana Tech University, by Moody's Investors Service, from Baa2 to Baa1. Applies to $2.8-million in outstanding bonds. Reasons cited include a 12-percent
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