NEW YORK (Standard&Poor's CreditWire) June 8, 1999--Standard&Poor's today assigned its double-'A'-minus underlying rating (SPUR) to New Jersey Educational Facilities Authority's $18 million revenue bonds series 1999, issued for the University of Medicine&Dentistry of New Jersey. The bonds are scheduled to sell June 10, 1999. In addition, Standard&Poor's affirmed its double-'A'-minus rating on the university's&49.57 million unenhanced revenue bonds, issued for the university. The revenue bonds are secured by the university's general obligation pledge and the rating reflects: --Strong state support and the university's role as sole provider of medical and dental education in New Jersey; -- Positive admissions statistics, with an aggregate 18% acceptance rate (across all programs), a strong 64%
