New York Liberty Development Corp. Series 2009B-3 Bonds (The World Trade Center) Rated 'AA-/A-1+'; Two Ratings Affirmed
- ID: 1718302
- April 2011
- Region: Global, New York
- Standard & Poors
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Research type: News
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NEW YORK (Standard & Poor's) April 28, 2011--Standard & Poor's Ratings Services today assigned its 'AA-/A-1+' rating to New York Liberty Development Corp.'s (the issuer's) $3.92 million multimodal liberty revenue bonds series 2009B-3 (for the World Trade Center project) due Dec. 1, 2049. At the same time, we affirmed our 'AA-/A-1+' ratings on the issuer's $13.545 million multimodal liberty revenue bonds series 2009B-1 (for the World Trade Center project) due Dec. 1, 2049, and $1.16 million multimodal liberty revenue bonds series 2009B-2 (for the World Trade Center project) due Dec. 1, 2049. The ratings reflect our opinion of the credit and liquidity support that JPMorgan Chase Bank N.A. ('AA-/A-1+') provides in the form of irrevocable direct-pay letters of credit (LOCs)....
Companies mentioned in this report are: New York Liberty Development Corporation
Action: New Rating