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New York Liberty Development Corp. Series 2009B-3 Bonds (The World Trade Center) Rated 'AA-/A-1+'; Two Ratings Affirmed Product Image

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

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 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: Affirmed
Action: New Rating

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New York Liberty Development Corporation

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