NY -- Standard&Poor's CreditWire 11/14/97 -- Standard&Poor's today assigned its double-'A'-plus rating on New Jersey Education Facility Authority, N.J.'s revenue bonds series F and G issued for the Institute for Advanced Study. In addition, Standard&Poor's raised its rating to triple-'A'* from double-'A' on the authority's revenue bonds series 1991B, also issued for the Institue for Advanced Study. The double-'A'-plus ratings reflect: -- Significant growth in the Institute's investment pool; -- Very strong liquidity relative to both operations and pro forma debt; and -- Considerable expenditure control. At fiscal year-end 1997, Institute unrestricted resources totaled $209 million and provided 9.2 times (x) coverage of operating expenses and 4.8x coverage of pro forma debt. The Institute
