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Summary: New York State Dec 05 Product Image

Summary: New York State Dec 05

  • ID: 1755005
  • December 2005
  • Region: New York
  • Standard & Poors

FEATURED COMPANIES

  • New York State
  • New York State Dorm Auth
  • MORE

Abstract
Wachovia Bank, N.A., Municipal Exempt Receipts Liquidity Optional Tender Series, series 2005B02, relating to Dormitory Authority of The State of New York, State Personal Income Tax Revenue bonds (Education), Series 2005F, is rated 'AAA/A-1+'. The long-term component of the rating is based on the 'AAA' rated, Ambac-insured underlying bond. The short-term component of the rating is based on the liquidity facility provided by Wachovia Bank, N.A. until Dec. 8, 2006. The stable outlook is based on the outlook of the bond insurer....

Companies mentioned in this report are:
- New York State
- New York State Dorm Auth

Action: New Rating
Action: Outlook: Stable

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.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

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- New York State
- New York State Dorm Auth

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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