NEW YORK - Moody's Investors Service said it has assigned an A2 rating to Northeastern University's $327.5 million of revenue bonds, series 2010A and 2010B (federally taxable) bonds to be issued through the Massachusetts Health and Educational Facilities Authority.
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The outlook has been revised to stable from negative due to revisions to the debt structure being implemented with the current bond issues and an improved liquidity position that reduce near-term risks to the university.
The A2 and A2/VMIG1 ratings on previously issued bonds have also been affirmed.
On February 18, the university will remarket its existing series T-3 bonds ($70 million outstanding) with a next put date of February 17, 2011.
