NEW YORK (Standard&Poor's CreditWire) June 3, 1999--Standard&Poor's today assigned its single-'A'--plus rating on New Jersey Educational Facilities Authority $12.675 million revenue bonds series 1999B, issued for William Paterson University. The bonds are scheduled to sell June 15, 1999. Standard&Poor's also raised its ratings on the authority's $4.9 million housing revenue bonds series 1974C and 1981B, $3.4 million student center revenue bonds series 1976A, and the underlying rating (SPUR) on $6.5 million revenue bonds series 1998D; issued for the university, to single-'A'-plus from single-'A'. The rating upgrade reflects: -- A strong culture of self-study and effective strategic planning -- management, led by President Arnold Speert (who has been in office since 1985) and Provost Chernoh
