NEW YORK (Standard&Poor's) Feb. 2, 2009--Standard&Poor's Rating Services affirmed its 'AAA' long-term rating on Northwestern University's revenue bonds. In addition, Standard&Poor's affirmed its 'AAA/A-1+' dual rating on Illinois Finance Authority's adjustable-rate revenue bonds series 2004-B ( $67.9 million); series 2008-B bonds ( $50 million); and series 2008-C bonds ($25 million), which will be converted to a 364-day adjustable-rate mode on Feb. 2, 2009. The series 2004-A ($67.9 million) and series 2008-A bonds ($50 million) will remain in an adjustable weekly rate mode. The 'A-1+' short-term components on the series 2004-A and 2008-B bonds' dual rating are based on the self-liquidity provided by the university. The 'AAA' rating reflects NU's solid financial resources, with an
