S&P Global Ratings affirmed its 'A+' rating on Massachusetts Development Finance Agency 's series R, S-1, and S-2 revenue bonds, issued for Brandeis University . The outlook is stable. NEW YORK (S&P Global Ratings) March 3, 2025--S&P Global Ratings today took the rating actions listed above. We have analyzed environmental, social, and governance (ESG) factors related to Brandeis' market position and financial performance. We view these factors as neutral in our credit rating analysis. The stable outlook reflects S&P Global Ratings' expectation that Brandeis will likely maintain generally consistent undergraduate enrollment, albeit with some pressure remaining on graduate enrollment, and will sustain demand metrics near current levels. We also expect that operations will likely remain modestly above break-even following budget