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Harvard University, MA Bonds Rated 'AAA'

Published May 16, 2001

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Abstract:

BOSTON (Standard&Poor's CreditWire) May 16, 2001--Standard&Poor's today assigned its triple-'A' rating to the Massachusetts Development Finance Agency's $250 million taxable quarterly interest bonds, series CC, issued for Harvard University. The rating reflects: -- The university's overwhelming financial resources, provided by a $19.1 billion endowment, valued on June 30, 2000; -- Strong management of admissions, investments, and operations; and -- Demand for Harvard's academic programs, which are impressive. The series CC bonds will be GOs of the university. Bond proceeds will be used to refinance certain debt obligations used to fund a portion of the costs of acquiring pieces of property in Watertown, Mass., (the Watertown Arsenal) and Allston, Mass., and for other eligible corporate purposes. The

Report Type:

Ratings Action

Issuer

Harvard Univ

Sector

Public Finance, Structured Finance

Country

United States

Region

United States

Format:

HTML

Summary: Harvard Univ, MA; Higher Education, Private Coll/Univ - General Obligation – 2001/05/18 – US$ 225.00

Harvard University, MA Bonds Rated 'AAA' – 2001/10/04 – US$ 150.00

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Summary: Harvard Univ, MA; Higher Education, Private Coll/Univ - General Obligation – 2001/11/14 – US$ 225.00

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Summary: Harvard Univ, MA; Higher Education, Private Coll/Univ - General Obligation – 2000/11/13 – US$ 225.00

Harvard University, MA $170M Revenue/Refunding Bonds Rated 'AAA' – 2000/10/31 – US$ 150.00

Summary: Harvard Univ, MA; Higher Education, Private Coll/Univ - General Obligation – 2000/10/31 – US$ 225.00

Harvard University, MA Series R Bonds Affirmed at 'AAA/A-1+' – 2000/10/18 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Harvard University, MA Bonds Rated 'AAA'" May 16, 2001. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Harvard-University-MA-Bonds-Rated-AAA-194348>

APA:	S&P Global Ratings’ Credit Research. (). Harvard University, MA Bonds Rated 'AAA' May 16, 2001. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Harvard-University-MA-Bonds-Rated-AAA-194348>

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