NEW YORK (Standard&Poor's CreditWire) Nov. 13, 2000--Standard&Poor's today assigned its triple-'A'/'A-1'-plus rating to Massachusetts Health and Educational Facilities Authority's $196.7 million revenue bonds, series BB, issued for Harvard University. The triple-'A' rating reflects: -- The university's overwhelming financial resources, which are provided by a $19.2 billion endowment valued at June 30, 2000; -- Strong management of admissions, investments, and operations; and -- An impressive demand for Harvard's academic programs. The 'A-1'-plus rating reflects Harvard's ability to cover its short-term debt and demand bonds with an estimated $7.1 billion of cash and investments available on a same-day basis. The bonds will be GOs of the university, and bond proceeds will be used to refund the university's outstanding
