NY -- Standard&Poor's CreditWire 10/28/98 – Standard&Poor's today assigned its triple-'B' rating to New Jersey Education Facility Authority's project revenue bonds series 1998B issued for Georgian Court College, N.J. In addition, Standard&Poor's affirmed its triple-'B' rating on the authority's outstanding bonds issued for Georgian Court College. The outlook has been revised to positive from stable. The triple-'B' rating reflects strong liquidity, positive operating performance, and financial flexibility. These factors are offset by enrollment fluctuations and a high acceptance rate. The outlook revision reflects increases in the college's enrollment following declines in 1996 through 1998, new marketing and fundraising efforts, and strong liquidity which is projected to improve going forward as the college currently has
