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MOODY'S ASSIGNS 'Aa3/VMIG 1' RATING TO MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY-CARLETON COLLEGE VARIABLE RATE DEMAND REVENUE BONDS

 MOODY'S ASSIGNS 'Aa3/VMIG 1' RATING TO MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY-CARLETON COLLEGE VARIABLE RATE DEMAND REVENUE BONDS
 NEW YORK, Sept. 16 /PRNewswire/ -- Effective today, Moody's Investors Service has assigned an "Aa/VMIG 1" rating on the Minnesota Higher Education Facilities Authority - Carleton College variable rate demand revenue bonds, Series Three L-1 and L-2 and Aa to Series L-3 revenue bonds.
 Carleton College is a financially well-endowed private liberal arts college located in Northfield, Minn. It has a long-term record of strong finances and a sound market position as an institution which competes well with other highly selective liberal arts colleges. The current offering finances an important aspect of the college's strategic plan which includes enhancement of the colleges physical plant. Loan repayments from the college to the trustee represent a general obligation of the college. The VMIG portion of the rating on the Series Three L-1 and L-2 bonds applies to the liquidity support provided by under an agreement with Swiss Bank Corporation, as well as by the college's strong financial position.
 -0- 9/16/92
 /CONTACT: Dan Aschenbach, 212-553-0880, or Dennis Farrell, 212-553-7780, both of Moody's/ CO: Minnesota Higher Education Facilities Authority ST: Minnesota IN: SU: RTG


PS -- NY069 -- 0346 09/16/92 17:32 EDT
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Publication:PR Newswire
Date:Sep 16, 1992
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