...S&P Global Ratings' long-term ratings on Massachusetts Institute of Technology's (MIT) existing debt, some of which was issued by the Massachusetts Development Finance Agency (formerly known as the Massachusetts Health and Educational Facilities Authority), are '###' and '###/A-1+'. The outlook, where applicable, is stable. The '###' rating reflects our view of MIT's extremely strong enterprise profile, characterized by incredible demand for its programs, exceptional student quality, a geographically diverse student body, and impressive management and governance oversight. We assessed the institute's financial profile as very strong, with a substantial endowment and a track record of excellent operating performance. We also note MIT's relatively high debt burden compared with those of peers, and the substantial capital plans for deferred maintenance, including infrastructure and renewal. Combined, these factors lead to an indicative standalone credit profile of '##+.' In accordance with...
