S&P Global Ratings assigned its 'AAA' long-term rating to the $500 million series 2022A taxable bonds issued by the President and Fellows of Harvard College and its 'AAA' rating to the Massachusetts Development Finance Agency's $250 million series 2022B green bonds issued on behalf of Harvard University (Harvard), Mass. At the same time, S&P Global Ratings affirmed its 'AAA' long-term and 'A-1+' short-term ratings on various debt issued by and for Harvard. The outlook, where applicable, is stable. Our rating incorporates Harvard's plans to issue approximately $800 million of debt. At pricing for the taxable series, Harvard might not issue the series 2022B bonds but decide to issue them as tax-exempt bonds in the near future. Neither issuance would affect
