Harvard University, MA Series 2022A And 2022B Bonds Assigned 'AAA' Rating

NEW YORK (S&P Global Ratings) April 5, 2022--S&P Global Ratings assigned its 'AAA' long-term rating to the $500 million series 2022A taxable bonds issued by the President and Fellows of Harvard College and its 'AAA' rating to the Massachusetts Development Finance Authority's $250 million series 2022B green bonds issued on behalf of Harvard University (Harvard), Mass. At the same time, S&P Global Ratings affirmed its 'AAA' long-term and 'A-1+' short-term ratings on various debt issued by and for Harvard University (Harvard), Mass. The outlook, where applicable, is stable. The rating reflects our assessment of Harvard's following strengths: Exceptional available resources; Healthy revenue diversity; Impressive fundraising ability; Robust demand for academic programs at the undergraduate, graduate, and professional levels, and a

...NEW YORK (S&P Global Ratings) April 5, 2022--S&P Global Ratings assigned its '###' long-term rating to the $500 million series 2022A taxable bonds issued by the President and Fellows of Harvard College and its '###' rating to the Massachusetts Development Finance Authority's $250 million series 2022B green bonds issued on behalf of Harvard University (Harvard), Mass. At the same time, S&P Global Ratings affirmed its '###' long-term and 'A-1+' short-term ratings on various debt issued by and for Harvard University (Harvard), Mass. The outlook, where applicable, is stable. The rating reflects our assessment of Harvard's following strengths: - Exceptional available resources; - Healthy revenue diversity; - Impressive fundraising ability; - Robust demand for academic programs at the undergraduate, graduate, and professional levels, and a large base of sponsored research; and - A track record of modest full-accrual operating surpluses. These strengths are offset by Harvard's reliance on investment-driven...

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