Standard&Poor's Ratings Services has affirmed its 'AAA' long-term rating on the series 2003, 1993, 2006 revenue bonds issued for Northwestern University. At the same time, we affirmed our 'AAA' long-term rating on the university's series 2004A and 2004B adjustable-rate bonds subject to mandatory tender on March 1, 2014 and affirmed our 'AAA' long-term rating on the university's series 2008B adjustable-rate revenue bonds subject to mandatory tender on March 1, 2013. We also affirmed our 'A-1+' short-term rating on Northwestern's taxable commercial paper (CP) program of $300 million and the series 2008A and 2008C bonds supported by the university's own liquidity. The outlook remains stable. Standard&Poor's expects to assign its 'AAA' long-term rating to Northwestern's series 2008-A
