Harvard University, MA Series R Bonds 'AAA'/'A-1+' Rating Affirmed - S&P Global Ratings’ Credit Research

Harvard University, MA Series R Bonds 'AAA'/'A-1+' Rating Affirmed

Harvard University, MA Series R Bonds 'AAA'/'A-1+' Rating Affirmed - S&P Global Ratings’ Credit Research
Harvard University, MA Series R Bonds 'AAA'/'A-1+' Rating Affirmed
Published Nov 05, 2002
581 words — Published Nov 05, 2002
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Abstract:

NEW YORK (Standard&Poor's) Nov. 5, 2002--Standard&Poor's Ratings Services said today it affirmed its triple-'A'/'A-1'-plus rating on the Massachusetts Health and Educational Facilities Authority's outstanding debt issued for Harvard University. The outlook on the rating is stable. The rating reflects the university's overwhelming financial resources, provided by an $18.3 billion endowment (valued on June 30, 2001); strong management of admissions, investments, and operations; and impressive demand for its academic programs. The rating also reflects Harvard's ability to provide liquidity with same-day cash and investments. As of June 30, 2002, the university estimated that same-day-cash availability was a substantial $5.1 billion and included $3.9 billion in U.S. treasuries and $579 million in money-market securities. In addition, the university

  
Brief Excerpt:

RESEARCH Harvard University, MA Series R Bonds '###'/'A-1+' Rating Affirmed Publication date: 05-Nov-2002 NEW YORK (Standard & Poor's) Nov. 5, 2002--Standard & Poor's Ratings Services said today it affirmed its triple-'A'/'A-1'-plus...

  
Report Type:

Ratings Action

Issuer
Harvard Univ
Sector
Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Harvard University, MA Series R Bonds 'AAA'/'A-1+' Rating Affirmed" Nov 05, 2002. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Harvard-University-MA-Series-R-Bonds-AAA-A-1-Rating-Affirmed-273972>
  
APA:
S&P Global Ratings’ Credit Research. (). Harvard University, MA Series R Bonds 'AAA'/'A-1+' Rating Affirmed Nov 05, 2002. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Harvard-University-MA-Series-R-Bonds-AAA-A-1-Rating-Affirmed-273972>
  
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