July 16, 2004
Bond-Rating UpdatePrevious bond-rating updates
The following institutions had their bond ratings upgraded or downgraded during June 2004. Ratings, which reflect the relative financial strength of institutions, help determine their cost of borrowing.
- The Citadel, by Moody's Investors Service, from A2 to A1. Applies to $18.9-million of outstanding bonds. Reasons cited include the South Carolina institution's "conservative