Standard & Poor’s affirmed its AAA long-term rating on Yale University revenue bonds issued through the Connecticut Health and Educational Facilities Authority, as well as the AAA long-term rating and A-1-plus short-term rating on various long- and short-term debt issued by and for the university.

“The stable outlook reflects our expectation that Yale will maintain its positive operating performance on a generally accepted accounting principles basis, large endowment, and strong levels of financial resources,” said credit analyst Mary Peloquin-Dodd.

S&P said factors that offset the New Haven-based Ivy League school’s credit strengths include a large portion of swapped-to-fixed debt and large bullet maturities as well as a substantial increase in debt issuance over the past few years.

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