BOND-RATING UPDATE.

BOND ratings; BOND prices; APPALACHIAN State University; GEORGE Washington University; TUFTS University; MOODY'S Investors Service Inc.

The article reports on upgrades to the bond rating of several universities in the United States. The author states that Appalachian State University in Boone, North Carolina, George Washington University in Washington, D.C., and Tufts University in Boston, Massachusetts have each received an upgrade in their bond ratings from the company Moody's Investors Service. The upgrades come in light of increased interest rates for variable-rate bond securities in early 2008 and many institutions faced with increased costs and debts.