SAN FRANCISCO - About 100 highly rated higher education, health care, and other not-for-profit issuers are using self-liquidity to support short-term debt, according to a Moody's Investors Service report published this week.

The "Moody's Public Finance Self-Liquidity Quarterly Report" is the first attempt to give investors a broad look at issuers that use their own balance sheets to provide liquidity for variable-rate demand obligations, commercial paper, and other short-term debt. Issuers increased their use of self-liquidity after the banking crisis dried up the supply of letters of credit and standby bond purchase agreements last year.

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