Standard&Poor's Ratings Services has affirmed its 'AAA' long-term rating on various revenue bonds and its 'A-1+' short-term rating on its commercial paper (CP) notes, issued by the Illinois Educational Facilities Authority for Northwestern University, Ill. The outlook is stable. On or before March 1, 2013, Standard&Poor's expects to assign its 'AAA/ A-1+' rating to Northwestern's series 2008B bonds, which are expected to be remarketed as adjustable-rate revenue bonds bearing interest at a weekly rate; support will be provided by self-liquidity. The bonds are currently in a long-term rate mode. The outlook will be stable. Northwestern's credit characteristics include impressive demand, a diverse revenue stream, strong operations, and solid financial resources supported by consistent fundraising. While the
