NY -- Standard&Poor's CreditWire 11/18/98 – Standard&Poor's today assigned its double-`A'rating to Morris School District Board of Education, New Jersey's school bonds series 1998 dated Nov. 15, 1998 due March 15, 2000-2019. The bonds are scheduled to sell Nov. 19, 1998. The rating reflects the school district's high wealth levels coupled with a deep, diverse economic base and sound financial performance. These strengths are offset in part by moderate to high debt levels. Additionally, the bonds enjoy the benefits of the New Jersey Fund for the Support of Free Public Schools. As authorized by the Article VIII, Section 4 of the New Jersey constitution, the fund pledges a portion of its assets for the district's