Harvard University, MA Series 2024A, 2024B Bonds Assigned 'AAA' Rating; Outlook Is Stable

NEW YORK (S&P Global Ratings) Feb. 29, 2024--S&P Global Ratings assigned its 'AAA' long-term rating to the $750 million series 2024A taxable bonds issued by the President and Fellows of Harvard College, Mass.; and the $817.2 million series 2024B tax-exempt revenue bonds issued by the Massachusetts Development Finance Agency for Harvard University (Harvard), Mass. At the same time, S&P Global Ratings affirmed its 'AAA' rating on the taxable and tax-exempt bonds outstanding issued by the President and Fellows of Harvard College and the Massachusetts Development Finance Agency for Harvard. S&P Global Ratings also affirmed its 'A-1+' short-term rating on various debt issued by and for Harvard. The outlook, where applicable, is stable. "We assess Harvard's enterprise risk profile as extremely

...February 29, 2024 NEW YORK (S&P Global Ratings) Feb. 29, 2024--S&P Global Ratings assigned its '###' long-term rating to the $750 million series 2024A taxable bonds issued by the President and Fellows of Harvard College, Mass.; and the $817.2 million series 2024B tax-exempt revenue bonds issued by the Massachusetts Development Finance Agency for Harvard University (Harvard), Mass. At the same time, S&P Global Ratings affirmed its '###' rating on the taxable and tax-exempt bonds outstanding issued by the President and Fellows of Harvard College and the Massachusetts Development Finance Agency for Harvard. S&P Global Ratings also affirmed its 'A-1+' short-term rating on various debt issued by and for Harvard. The outlook, where applicable, is stable. "We assess Harvard's enterprise risk profile as extremely strong, characterized by exceptional selectivity and matriculation rates," said S&P Global Ratings credit analyst Laura Macdonald. We characterize Harvard's financial risk profile as very...

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