S&P Global Ratings assigned its ?AAA? rating to Massachusetts Institute of Technology ?s (MIT) $750 million taxable series Q bonds. At the same time, S&P Global Ratings affirmed its 'AAA' and 'AAA/A-1+' ratings on MIT?s debt outstanding, some of which is issued by MIT or by the Massachusetts Development Finance Agency (formerly known as the Massachusetts Health and Educational Facilities Authority). The outlook, where applicable, is stable. All of MIT's debt is a general obligation of the institution. As of June 30, 2024, MIT had $4.7 billion in debt outstanding, including $209 million in leases outstanding. As of fiscal year-end 2024, MIT had no capital leases outstanding and maintains a $500 million line of credit, none of which is currently
