Harvard University, MA's Series 2010A Bonds Rated 'AAA' On Strong Financial Resources And Revenue Diversity - S&P Global Ratings’ Credit Research

Harvard University, MA's Series 2010A Bonds Rated 'AAA' On Strong Financial Resources And Revenue Diversity

Harvard University, MA's Series 2010A Bonds Rated 'AAA' On Strong Financial Resources And Revenue Diversity - S&P Global Ratings’ Credit Research
Harvard University, MA's Series 2010A Bonds Rated 'AAA' On Strong Financial Resources And Revenue Diversity
Published Jan 08, 2010
1145 words — Published Jan 08, 2010
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Abstract:

NEW YORK (Standard&Poor's) Jan. 8, 2010--Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to Harvard University, Mass.' $480 million series 2010A tax-exempt, fixed-rate revenue bonds. At the same time, Standard&Poor's affirmed its 'AAA' long-term rating on the university's revenue bonds and its 'A-1+' short-term rating on the university's variable-rate demand bonds and commercial paper (CP) notes, issued by the university and various authorities. The 'AAA' rating reflects what Standard&Poor's considers to be the university's impressive level of financial resources provided by an endowment of $26.0 billion as of June 30, 2009, despite a steep reduction in market value from $36.9 billion as of June 30, 2008, and expendable resources equal to 6.3x

  
Brief Excerpt:

RESEARCH Harvard University, MA's Series 2010A Bonds Rated '###' On Strong Financial Resources And Revenue Diversity Publication date: 08-Jan-2010 Primary Credit Analyst: Mary Peloquin-Dodd, New York (1) 212-438-2079; mary_peloquin-dodd@standardandpoors...

  
Report Type:

Ratings Action

Issuer
Harvard University
Sector
Global Issuers, 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's Series 2010A Bonds Rated 'AAA' On Strong Financial Resources And Revenue Diversity" Jan 08, 2010. Alacra Store. May 19, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Harvard-University-MA-s-Series-2010A-Bonds-Rated-AAA-On-Strong-Financial-Resources-And-Revenue-Diversity-768103>
  
APA:
S&P Global Ratings’ Credit Research. (). Harvard University, MA's Series 2010A Bonds Rated 'AAA' On Strong Financial Resources And Revenue Diversity Jan 08, 2010. New York, NY: Alacra Store. Retrieved May 19, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Harvard-University-MA-s-Series-2010A-Bonds-Rated-AAA-On-Strong-Financial-Resources-And-Revenue-Diversity-768103>
  
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