NEW YORK (Standard&Poor's CreditWire) March 9, 1999--Standard&Poor's today assigned its single-'A' rating on New Jersey Educational Facilities Authority's $17 million revenue bonds series 1999B, issued for New Jersey City University. The bonds are scheduled to sell March 16, 1999. Standard&Poor's also affirmed its single-'A' rating on the authority's series 1977C bonds, issued for the university. In addition, Standard&Poor's affirmed its single-'A' underlying rating (SPUR) on the authority's $6.95 million revenue bonds series 1998E, also issued for university. The rating on New Jersey Educational Facilities Authority's bonds, issued for New Jersey City University (formerly known as Jersey City State College), reflects: -- A competitive demand profile; -- Solid state support; and -- A
