Standard & Poor’s assigned its A long-term rating to the Massachusetts Development Finance Agency’s Series 2011 bonds issued for Clark University and affirmed the underlying A on outstanding bonds issued for the university by the agency.
Standard & Poor’s also affirmed its AAA/A-1-plus rating on the university’s Series 2008 variable-rate demand revenue bonds issued by the agency.
Clark, a Worcester-based teaching and research institution founded in 1887, is among the oldest schools in New England and the nation.