NY -- Standard&Poor's CreditWire 6/12/98 – Standard&Poor's today assigned its triple-'A' rating to New Jersey Educational Facilities Authority's refunding revenue bonds series 1998E and revenue bonds series 1998F issued for Princeton University, N.J. Standard&Poor's also affirmed its triple-'A' rating on the authority's outstanding parity debt issued for Princeton. At the same time, Standard&Poor's affirmed its triple-'A' rating on Princeton's $57.8 million taxable bonds series 1994 A-C. Additionally, Standard&Poor's affirmed its 'A-1'-plus ratings of Princeton's outstanding $120 million commercial paper programs. The rating reflects: -- Stable enrollment trends and highly selective admissions; -- A very prestigious academic reputation; -- Considerable financial flexibility afforded by a diverse revenue stream and substantial liquidity;
