Standard&Poor's Ratings Services assigned its 'AA' long-term rating to North Carolina Capital Facilities Finance Agency's up to $110 million series 2012 educational facilities revenue bonds, issued for Wake Forest University (WFU). At the same time, Standard&Poor's affirmed its 'AA' long-term rating on the agency's series 2009 educational facilities revenue bonds, and its 'AA/A-1+' rating on the agency's series 2004A variable-rate educational facilities revenue bonds, also issued on behalf of the university. The outlook on the long-term rating is stable. All bonds are a general obligation of the university. The 'AA' rating reflects our view of WFU's consistent operating surpluses, strong demand profile, and solid management team. The university is in the silent phase of a $1
