BOSTON (Standard&Poor's CreditWire) Oct. 31, 2000--Standard&Poor's today assigned its triple-'A' rating to Massachusetts Health and Educational Facilities Authority's $133.19 million revenue refunding bonds, series Z; and $37.47 million revenue refunding bonds, series AA, issued for Harvard University. The rating reflects: ý-- The university's overwhelming financial resources provided by a $19.2 billion endowment valued at June 30, 2000; ý-- Strong management of admissions, investments, and operations; and ý-- Impressive demand for Harvard's academic programs. The series Z and AA bonds will be general obligations of the university. Bond proceeds will be used to refund various series of the university's outstanding tax-exempt debt. As of June 30, 2000, Harvard's endowment was an estimated $19.2 billion. Harvard Management Co.
