Standard&Poor's Ratings Services assigned its 'AA' long-term rating to University of Pittsburgh (UP), Pa.'s series 2000A, 2000B, 2000C, and 2002B bonds and also assigned its 'AA' long-term and 'AA/A-1+' dual ratings to the university's series 2007B bonds due to the conversion of variable-rate demand bonds (VRDBs) to either fixed rate or commercial paper (CP) mode VRDBs. The conversion date of the bonds was July 10, 2009. At the same time, Standard&Poor's affirmed its ratings on the university's other debt. The rating outlook is stable. The details of the 'AA' rated bonds are: $24.4 million series 2000A bonds converted to fixed rate from VRDBs in a CP mode backed by self-liquidity; $50 million series 2000B bonds converted
