NY -- Standard&Poor's CreditWire 4/23/98 -- Standard&Poor's today assigned its double-'A'-minus rating to New Jersey Education Facilities Authority's $55 million revenue bonds (Higher Education Technology Infrastructure Fund Issue) series 1998A due Sept. 1, 2012, issued for New Jersey. The bonds are scheduled to sell May 6, 1998. The rating reflects the following factors: -- The general creditworthiness of the state (G.O. bonds rated double-'A'-plus); --Strong essentiality of funding the acquisition of technology infrastructure at the public and private institutions of higher education in the state, a basic governmental function demanded by the public; --The key role the New Jersey Education Facilities Authority plays in meeting the requirements of the Higher Education Technology Infrastructure Fund Act; --
