NEW YORK (Standard&Poor's) April 10, 2015--Standard&Poor's Ratings Services assigned its 'AA' long-term rating to California Educational Facilities Authority's $44.1 million series 2015A bonds issued for University of Southern California (USC). In addition, Standard&Poor's affirmed its 'AA' long-term rating and underlying ratings (SPUR) on outstanding debt issued for USC by various issuers. The outlook on all ratings is stable. "The rating reflects our view of the university's strong demand and student metrics, impressive fundraising capacity, and operating performance," said Standard&Poor's credit analyst Charlene Butterfield. These factors are partly offset by a greater appetite for debt since fiscal 2010, and the weak operating performance of three recently acquired hospitals. In our view, the endowment
