NY -- Standard&Poor's CreditWire 7/7/98 -– Standard&Poor's today assigned its triple-'B' rating to New Jersey Educational Facility Authority's revenue bonds series 1998D dated July 15, 1998 due July 1, 2024 issued for Monmouth College. The bonds are scheduled to sell July 16, 1998. At the same time, Standard&Poor's affirmed its triple-'B' rating on the authority's revenue bonds series 1975A, 1993A, 1994B&C, and 1997C. The rating reflects: -- The university's good liquidity, -- Positive operations, -- Manageable debt burden, and -- Enrollment growth. These factors are offset by limited admissions flexibility. The series 1998 bonds will refund $5.1 million series 1994C bonds, and $2.35 million series 1994B bonds and provide $490,000 for various capital projects
