December 8, 2005
Improved Bond Ratings Indicate Financial Stability in Nonprofit World
Bolstered by an improving economy, the financial outlook for nonprofit organizations has improved, according to a new report by Moody's Investors Service.
In 2005, Moody's elevated the bond ratings for three of the 85 nonprofit groups it evaluates, while not downgrading any. That contrasts with its actions in the prior two years, during which the rating company downgraded seven nonprofit groups and upgraded one.
Bond ratings determine how much interest organizations have to pay
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