NEW YORK (Standard&Poor's CreditWire) Aug. 6, 1999--Standard&Poor's today assigned its triple-'B'-plus rating on Connecticut Health and Educational Facilities Authority's $70 million revenue bonds series I, issued for Fairfield University. The bonds are scheduled to sell August 12, 1999. Standard&Poor's also affirmed its triple-'B'-plus underlying rating (SPUR) on the authority's $28 million revenue bonds series H, issued for the university. The rating reflects: -- Improving financial condition, highlighted by recent fundraising success, moderate surpluses and investment gains, contributing to rising liquidity and endowment levels; and -- Modestly improving demand profile characterized by increasing selectivity and a broader geographic draw. Offsetting factors include: -- A high debt level, primarily as a result of this issue, resulting
