Standard&Poor's Ratings Services assigned its 'SP-1+' rating to $118 million of the University of Pittsburgh, Pa.'s PANTHERS notes, series 2007. In addition, Standard&Poor's affirmed its 'AA' rating on the university's long-term debt. The outlook is stable. The 'SP-1+' rating on the PANTHERS notes is based on the university's history of strong market access and underlying credit strengths. In addition, the 'A-1+' short-term rating on the university's outstanding variable-rate debt is affirmed and reflects the presence of liquidity support provided by external standby bond purchase agreements. Proceeds of the series 2007 notes, much like the previous note series, will be used for various equipment expenditures, capital projects, library acquisitions and related costs; a portion will also be
