Massachusetts Institute of Technology 'AAA', 'AAA/A-1+' Ratings Affirmed; Outlook Stable

NEW YORK (S&P Global Ratings) July 21, 2021--S&P Global Ratings affirmed its 'AAA' and 'AAA/A-1+' ratings on Massachusetts Institute of Technology's (MIT) debt outstanding, some of which is issued by MIT or by the Massachusetts Development Finance Agency (formerly known as the Massachusetts Health and Educational Facilities Authority). The outlook, where applicable, is stable. At pricing, MIT had intended to either issue Series H taxable bonds or increase the par of the existing Series F taxable bonds. MIT did not issue the Series H bonds, and the outstanding long-term rating on MIT's debt remains 'AAA', as we have assessed the additional debt in our rating. "The 'AAA' rating reflects our view of MIT's extremely strong enterprise profile, characterized by incredible demand

...NEW YORK (S&P Global Ratings) July 21, 2021--S&P Global Ratings affirmed its '###' and '###/A-1+' ratings on Massachusetts Institute of Technology's (MIT) debt outstanding, some of which is issued by MIT or by the Massachusetts Development Finance Agency (formerly known as the Massachusetts Health and Educational Facilities Authority). The outlook, where applicable, is stable. At pricing, MIT had intended to either issue Series H taxable bonds or increase the par of the existing Series F taxable bonds. MIT did not issue the Series H bonds, and the outstanding long-term rating on MIT's debt remains '###', as we have assessed the additional debt in our rating. "The '###' rating reflects our view of MIT's extremely strong enterprise profile, characterized by incredible demand for its programs, exceptional student quality, a geographically diverse student body, and impressive management and governance oversight," said S&P Global Ratings credit analyst Laura Kuffler-Macdonald. We assessed the...

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