S&P rates Carnegie Mellon, Pa., bonds AA-1/A-1+

Standard & Poor's said it assigned an AA-/A-1+ rating to Allegheny County Higher Education Building Authority, Pa.'s $120.82 million of series 2008 revenue bonds issued for Carnegie Mellon University.

The short-term component reflects a liquidity facility provided by Bank of New York.

S&P also said it affirmed the AA- rating on the authority's other outstanding bonds issued for the university.

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