NEW YORK (Standard&Poor's) June 10, 2002--Standard&Poor's said today it revised its rating outlook on the University of Pittsburgh's outstanding debt to positive from stable. Standard&Poor's also said it assigned its double-'A'-minus rating to the university's $90 million revenue bonds, series 2002, and affirmed its 'SP-1'-plus, double-'A'-minus, and 'A-1'-plus ratings, as well as its double-'A'-minus Standard&Poor's underlying rating (SPUR), on the university's outstanding debt. The ratings reflect the university's unsecured GO pledge. General credit factors include solid demand for comprehensive academic programs; historically strong operating performance; increasing endowment, which provides a good level of liquidity for operating expenses and debt; and a manageable debt load. "The positive outlook assigned to the university's revenue
