Harvard University, MA Series 2025A-1 And 2025A-2 Bonds Assigned 'AAA' Rating; Outlook Is Stable

HARTFORD (S&P Global Ratings) Feb. 27, 2025--S&P Global Ratings assigned its 'AAA' long-term rating to the $230 million series 2025A-1 and $224 million series 2025A-2 tax-exempt bonds issued by the Massachusetts Development Finance Agency for Harvard University, 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. "The rating reflects our assessment of Harvard's ample financial resources, provided by an endowment of $53 billion as of June 30, 2024, the most

...February 27, 2025 HARTFORD (S&P Global Ratings) Feb. 27, 2025--S&P Global Ratings assigned its '###' long-term rating to the $230 million series 2025A-1 and $224 million series 2025A-2 tax-exempt bonds issued by the Massachusetts Development Finance Agency for Harvard University, 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. "The rating reflects our assessment of Harvard's ample financial resources, provided by an endowment of $53 billion as of June 30, 2024, the most recent audit," said S&P Global Ratings credit analyst Jessica Goldman. The rating further reflects our view of Harvard's healthy revenue diversity, robust fundraising capacity, and exceptional...

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