NEW YORK (Standard&Poor's) Nov. 1, 2010--Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to Harvard University, Mass.' $730 million series 2010B tax-exempt, fixed-rate revenue bonds and $300 million series 2010C taxable bonds, also issued as fixed-rate debt. At the same time, Standard&Poor's affirmed its 'AAA' long-term rating on the university's previously issued 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 Standard&Poor's view of the university's impressive financial resource levels; expendable resources consistent with other 'AAA' rated private colleges and universities; and strong revenue diversity as well as a demonstrated ability to
