(Editor's note: In the press release issued Oct. 6, 1999, the rating was stated incorrectly in the text and headline; the corrected version follows.) NEW YORK (Standard&Poor's CreditWire) Oct 7, 1999—Standard&Poor's today assigned its single-'A' rating to New Jersey Educational Facilities Authority's $18 million revenue bonds series 1999E, issued for Ramapo College. The bonds are scheduled to sell Oct. 13, 1999. Standard&Poor's also affirmed its single-'A' underlying (SPUR) rating on the authority's $19.8 million revenue bonds series 1998G, H and I, also issued for the college. The rating reflects the college's: -- Strong and proactive management team, -- Competitive admissions profile, -- Good financial operations, and -- A moderately high debt burden. The rating
