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New York Liberty Development Corp. Bonds Series 2009A-1/2009A-2 (World Trade Center) 'A-1+' Short-Term Ratings Affirmed Product Image

New York Liberty Development Corp. Bonds Series 2009A-1/2009A-2 (World Trade Center) 'A-1+' Short-Term Ratings Affirmed

  • ID: 1718301
  • April 2011
  • Region: Global, New York
  • Standard & Poors

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Abstract
NEW YORK (Standard & Poor's) April 28, 2011--Standard & Poor's Ratings Services today affirmed its 'A-1+' short-term ratings on New York Liberty Development Corp.'s $2,574,875,000 multimodal revenue bonds series 2009A-1 and 2009A-2 (for the World Trade Center project) due Dec. 1, 2049. The 'A-1+' ratings are based on our opinion of the sufficiency, liquidity, and credit quality of the escrowed collateral, which consists primarily of demand-deposit state and local government series securities (demand-deposit SLGS) issued by the U.S. Treasury. Today's rating actions follow the remarketing of the bonds with a new scheduled mandatory tender date of Nov. 1, 2011. The series 2009A-1 and 2009A-2 bonds resulted from the series 2009A bonds that were originally issued on Dec. 30, 2009. The...

Companies mentioned in this report are: New York Liberty Development Corporation
Action: Affirmed

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New York Liberty Development Corporation

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