Harvard University, MA?s Series 2025B Taxable Bonds Assigned ?AAA? Rating - S&P Global Ratings’ Credit Research

Harvard University, MA?s Series 2025B Taxable Bonds Assigned ?AAA? Rating

Harvard University, MA?s Series 2025B Taxable Bonds Assigned ?AAA? Rating - S&P Global Ratings’ Credit Research
Harvard University, MA?s Series 2025B Taxable Bonds Assigned ?AAA? Rating
Published Apr 07, 2025
2 pages (1291 words) — Published Apr 07, 2025
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

HARTFORD (S&P Global Ratings) April 7, 2025--S&P Global Ratings assigned its 'AAA' long-term rating to Harvard University, Mass.' $750 million series 2025B taxable bonds. 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. Harvard's obligation to pay its debt is an unsecured general obligation. The university had total debt of approximately $7.6 billion as of June 30, 2024. This includes $722 million of operating leases and $101 million of capital leases.

  
Brief Excerpt:

...April 7, 2025 HARTFORD (S&P Global Ratings) April 7, 2025--S&P Global Ratings assigned its '###' long-term rating to Harvard University, Mass.' $750 million series 2025B taxable bonds. 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. Harvard's obligation to pay its debt is an unsecured general obligation. The university had total debt of approximately $7.6 billion as of June 30, 2024. This includes $722 million of operating leases and $101 million of capital leases. The series 2025B bond proceeds will be used for capital plans and general use of the university. Since the last audit, Harvard has also issued the $434 million series 2025A bonds to be used for capital plans...

  
Report Type:

Ratings Action

Issuer
Harvard University
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Harvard University, MA?s Series 2025B Taxable Bonds Assigned ?AAA? Rating" Apr 07, 2025. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Harvard-University-MA-s-Series-2025B-Taxable-Bonds-Assigned-AAA-Rating-3349587>
  
APA:
S&P Global Ratings’ Credit Research. (). Harvard University, MA?s Series 2025B Taxable Bonds Assigned ?AAA? Rating Apr 07, 2025. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Harvard-University-MA-s-Series-2025B-Taxable-Bonds-Assigned-AAA-Rating-3349587>
  
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