NEW YORK (Standard&Poor's) Jan. 31, 2002--Standard&Poor's today assigned its triple-'A' rating to the Massachusetts Health and Educational Facilities Authority's $250 million revenue bonds, series K, issued for the Massachusetts Institute of Technology (MIT). In addition, Standard&Poor's affirmed its triple-'A' and 'A-1'-plus ratings on the outstanding debt issued for MIT. The ratings reflect the institute's unconditional GO to pay debt service, supported by: -- Overwhelming demand, excellent student quality, and increasingly competitive admissions; -- A preeminent research program; -- Impressive financial resources; -- Conservative management practices; and -- Highly manageable debt levels. MIT last sold $250 million of revenue bonds in 2001, to finance the first phase of the institute's major facilities plan. As a
