NEW YORK (Standard&Poor's CreditWire) Sept. 13, 1999-- Standard&Poor's today assigned its double-'A'-minus rating to New Jersey Educational Facilities Authority's $19.3 million revenue bonds county college capital projects fund issue series 1999A due Sept. 1, 2014, issued for New Jersey. The bonds are scheduled to sell Sept. 14, 1999. The bonds are secured by annually appropriated contract payments made by the state of New Jersey to the New Jersey Educational Facilities Authority (the "Authority"). The rating reflects: -- The general creditworthiness of the state of New Jersey; -- The strong essentiality of funding capital expenditures for county college capital projects; -- The state's demonstrated commitment, within both the administrative and legislative branches, to repaying its appropriations-backed obligations;
