NY -- Standard&Poor's CreditWire 2/12/98 -- Standard&Poor's today assigned its single-'A' Standard&Poor's Underlying Rating (SPUR) to New Jersey Educational Facilities Authority's $26.2 million revenue bonds series 1998A issued for Kean University, N.J. The bonds are expected to receive a triple-'A' rating based on bond insurance. The SPUR reflects stabilization of management, adequate state support, good demand flexibility, a modest debt burden, and sound financial operations. The bonds are a general obligation of the university. Following a period of uncertainty, Kean University hired a new president in 1996. With the new president on board, the university is able to go ahead with its planning process, including the projects financed with this bond issue. The projects
