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S&P gives AA- to College of Holy Cross, Mass., bonds
Standard & Poor's said it assigned an AA- rating to Massachusetts Development Finance Agency's $45.8 million of floating-rate refunding bonds, series 2008A, and $71 million of fixed-rate refunding bonds, series 2008B, both issued for the College of the Holy Cross.
In addition, S&P said it affirmed the AA- underlying rating on the agency's bonds issued for the college.
The outlook is stable.
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