NEW YORK (Standard&Poor's CreditWire) July 24, 2000 – Standard&Poor's today assigned its triple-'A'/'A-1'-plus rating to Connecticut Health and Educational Facilities Authority's $35 million revenue bonds series A, issued on behalf of the Hotchkiss School. The bonds are scheduled to sell July 24, 2000. The long-term rating on the bonds is based on the ratings of Hotchkiss School (rated triple-'A') and a standby bond purchase agreement (SBPA) provided by Northern Trust Co. (rated double-'A'/'A-1'-plus). The short-term rating is based solely on the SBPA. Initially, the bonds will bear interest at the weekly rate mode and can be converted to the fixed rate mode. The bonds are subject to optional tenders while bearing interest in the weekly mode,
