NY -- Standard&Poor's CreditWire 7/16/98 -- Standard&Poor's today assigned its triple-'B'-plus underlying rating (SPUR) to Connecticut Health&Educational Facilities Authority's revenue bonds series H issued for Fairfield University, Conn. The bonds are expected to receive a triple-'A' rating based on bond insurance. In addition, Standard&Poor's affirmed its triple-'B'-plus rating on the authority's outstanding revenue bonds series F issued for Fairfield University. The ratings reflect: -- A modestly improving demand profile characterized by improving student quality, a growing applicant pool, and steadily rising enrollments, -- Stable financial condition, with moderate surpluses and investment gains contributing to rising liquidity levels, although liquidity remains below average for the rating, and -- A moderate debt burden. Offsetting
