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S&P rates Xavier University, Ohio, bonds AA+/A-1+
Standard & Poor's said it assigned an AA+/A-1+ rating to the Ohio Higher Educational Facility Commission's $70.855 million of revenue bonds (Xavier University 2008 project) based on irrevocable, direct-pay letters of credit form US Bank NA.
The issue includes $23.475 million of series 2008 A and $47.38 million of series 2008 B.
The bank is rated AA+/A-1+.
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