Tufts University, MAs Series 1995G #AA-/A-1+# Bond Rating Reinstated

Stocks and Financial Services Press Releases Wednesday September 27, 2017 09:16
SAN FRANCISCO--27 Sep--S&P Global Ratings

SAN FRANCISCO (S&P Global Ratings) Sept. 26, 2017--S&P Global Ratings corrected by reinstating its 'AA-/A-1+' rating on Tufts University's series 1995G variable-rate demand bonds (VRDBs), issued by Massachusetts Development Finance Agency for the university. The outlook is stable.

The rating was inadvertently withdrawn due to an administrative error. In 2009 these bonds were remarketed with a new CUSIP and while we reviewed the transaction at that time, we inadvertently neglected to update the CUSIP associated with our rating. This caused us to withdraw the rating in error. We have updated the CUSIP associated with this transaction and are reinstating the rating.

The 'AA-' long-term rating component reflects S&P Global Ratings' analysis of Tufts University on May 31, 2017 (see link below to full analysis). The 'A-1+' short-term rating component reflects our opinion of the external liquidity in the form of standby purchase agreements (SBPAs) with Wells Fargo.

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