Summary: Harvard University, Massachusetts; CP; Private Coll/Univ - General Obligation

S&P Global Ratings affirmed its 'AAA' long-term rating on the bonds outstanding issued by the President and Fellows of Harvard College and its 'AAA' rating on the Massachusetts Development Finance Agency's bonds outstanding, issued for Harvard University (Harvard), Mass. At the same time, S&P Global Ratings affirmed its 'A-1+' short-term rating on various debt issued by and for Harvard. The outlook, where applicable, is stable. Harvard's obligation to pay its debt is an unsecured general obligation. The university had total debt of approximately $6.6 billion on June 30, 2022. This includes $689 million of operating leases and $88 million of capital leases. Of the university's long-term debt, 96% is fixed-rate and 4% is variable-rate. Over the past several years, the

...+ S&P Global Ratings affirmed its '###' long-term rating on the bonds outstanding issued by the President and Fellows of Harvard College and its '###' rating on the Massachusetts Development Finance Agency's bonds outstanding, issued for Harvard University (Harvard), Mass. + At the same time, S&P Global Ratings affirmed its 'A-1+' short-term rating on various debt issued by and for Harvard. + The outlook, where applicable, is stable....

Summary