Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to Northwestern University, Ill.'s approximately $585 million taxable fixed-rate bonds, series 2013. At the same time, Standard&Poor's has affirmed its 'AAA' long-term rating on various revenue bonds and its 'A-1+' short-term rating on Northwestern's commercial paper (CP) notes., The outlook is stable. Northwestern's credit characteristics include impressive demand, a diverse revenue stream, strong operations, and solid financial resources supported by consistent fundraising. While the university has delayed some capital plans during the past few years, it has begun to move forward on several projects. This includes a new business building, a southeast campus development plan, and a medical research facility. Some additional capital plans, including a new
