NEW YORK (Standard&Poor's) April 21, 2003--Standard&Poor's Ratings Services said today it assigned its 'AAA' rating to the Massachusetts Health and Educational Facilities Authority's $200 million revenue bonds, series L, issued for the Massachusetts Institute of Technology (MIT). The outlook is stable. Standard&Poor's also said it affirmed 'AAA' and 'A-1+' ratings on the outstanding debt issued for MIT. The ratings reflect the institute's unconditional general obligation pledge, supported by overwhelming demand, excellent student quality, and increasingly competitive admissions; a preeminent research program; impressive financial resources; conservative management practices; and manageable debt levels. Complete ratings information is available to subscribers of RatingsDirect, Standard&Poor's Web-based credit-analysis system, at www.ratingsdirect.com. All ratings affected by this rating
