Standard&Poor's Ratings Services affirmed its 'AAA' long-term rating and 'A-1+' short-term rating on the Massachusetts Institute of Technology's (MIT) outstanding debt, some of which was issued by the Massachusetts Development Finance Agency. The outlook is stable. The 'AAA' rating reflects our view of MIT's substantial endowment, incredible demand for its programs, growing research, and positive operating performance. This offsets our view of the institute's adequate, but lower than average financial resource ratios compared to the 'AAA' category, due in part to its recent century bond issuance. MIT has significant capital plans during the next 10 years, which management plans to fund through a variety of sources, including non-recourse debt. The potential effect, if any, of these additional projects
