May 14, 2004
Bond-Rating UpdatePrevious bond-rating updates
The following institutions had their bond ratings upgraded or downgraded during April. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
- Angelina County Junior College District, by Moody's Investors Service, from Baa2 to A3. Applies to $2.3-million in outstanding bonds. Reasons cited include enrollment of 3,244 in