Clark University Gets an A

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.

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