January 21, 2005

Bond-Rating Update

The following institutions had their bond ratings upgraded during December 2004. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.

  • Bryant University, by Moody's Investors Service, from A3 to A2. Applies to $40-million in outstanding bonds. Reasons cited include the university's expanding curriculum and increasing student demand, its average annual operating surplus of 2.8 percent over the past three

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