Higher Education Facilities Program Current Ratings

Moody’s : Standard & Poor's: Fitch :
Aa1;
Stable Outlook *
AA+
Stable Outlook
AA+;
Stable Outlook

*Moody’s Investors Service Inc. has assigned the Authority’s Bonds an enhanced rating of “Aa1”, with a stable outlook, based in part on its  assignment to the Authority’s Legislative Appropriations intercept program of a programmatic rating of “Aa1”, with a stable outlook.