Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to Massachusetts Health and Educational Facilities Authority's $130 million revenue bonds series 2005C, issued for Harvard University. At the same time, Standard&Poor's affirmed its 'AAA' long-term on the university's revenue bonds and its 'A-1+' short-term rating on the university's variable-rate demand bonds and CP notes. The 'AAA' rating is based on the university's unsecured GO pledge and is supported by its: Overwhelming financial resources provided by an endowment of $25.9 billion as of June 30, 2005; Strong revenue diversity and demonstrated ability to raise funds; and Impressive demand for academic programs at the undergraduate, graduate, and professional levels. The 'A-1+' rating reflects Harvard's general credit strengths and considerable
