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. All of MIT's debt is a general obligation of the institution. As of June 30, 2022, MIT had $4.7 billion in debt outstanding and $246 million in leases outstanding. MIT has no capital leases outstanding. MIT maintains a $500 million line of credit, none of which is currently drawn. The 'AAA' rating reflects our view of MIT's extremely strong enterprise risk profile, characterized by incredible demand for its programs, exceptional student quality, a
