August 13, 2004
Bond-Rating Update
The following institutions had their bond ratings upgraded or downgraded during July 2004. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
- Oklahoma State University at Okmulgee, by Moody's Investors Service, from A3 to A2. Applies to $3.62-million in new and outstanding bonds. Reasons cited include the university's position as one of the state's two leading public universities, a belief that it has
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