BOSTON (Standard&Poor's CreditWire) Oct. 18, 2000--Standard&Poor's today affirmed its triple-'A'/'A-1'-plus ratings on Massachusetts Health and Educational Facilities Authority's series R revenue bonds, issued for Harvard University. The new sale ($19.615 million) represents the second tranche issued under the series R indenture, and these bonds are expected to sell on Oct. 19. Similar to the first tranche, issued in November 1999, proceeds of the bonds will be used to refund the current maturities of various series of the school's outstanding bonds. The triple-'A' rating reflects: ý-- The university's overwhelming financial resources provided by a $19.2 billion endowment valued at June 30, 2000; ý-- Strong management of admissions, investments, and operations; and ý-- Impressive demand for Harvard's academic
