CHICAGO (Standard&Poor's) July 5, 2012--Standard&Poor's Ratings Services assigned its 'AA' long-term rating to North Carolina Capital Facilities Finance Agency's nearly $110 million series 2012 educational facilities revenue bonds, issued for Wake Forest University (WFU). At the same time, Standard&Poor's affirmed its 'AA' long-term rating on the agency's series 2009 educational facilities revenue bonds, and its 'AA/A-1+' rating on the agency's series 2004A variable-rate educational facilities revenue bonds, also issued on behalf of the university. The outlook on the long-term rating is stable. All bonds are a general obligation of the university. "The rating reflects our view of WFU's consistent operating surpluses, strong demand profile, and solid management team," said Standard&Poor's credit analyst
