Fitch assigns AAA/F1+ to bonds issued for Northwestern University, Ill.

Fitch Ratings said it assigned an AAA/F1+ rating to $125 million Illinois Finance Authority series 2008 A-C adjustable-rate revenue bonds issued for Northwestern University.

The bonds are scheduled to sell June 24 via negotiation.

Fitch also affirmed the AAA rating on Northwestern's $348.2 million of outstanding fixed-rate revenue bonds, the AAA/F1+ rating on $135.8 million of outstanding variable-rate revenue bonds and the F1+ rating on the university's $200 million taxable commercial paper program.

The outlook is stable.

Proceeds from the 2008 A-C bonds will be used to finance capital plan projects and to pay costs of issuance.

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