- Language: English
- Published: June 2012
- Region: Libya
New York City Transitional Finance Authority Rating On Various Series Of Bonds Revised To 'AAA' Aug 11
- Published: August 2011
- Region: New York
- Standard & Poors
NEW YORK (Standard & Poor's) Aug. 22, 2011--Standard & Poor's Ratings Services revised its rating on New York City Transitional Finance Authority's fiscal 2003 subseries 1B New York City recovery bonds to 'AAA' from 'AAA/A-1'. The outlook is stable. "We believe statutory revenue, including personal income tax and sales tax, and the required flow of these funds by statute, as well as the indenture to pay debt service over the life of the bonds, will provide strong protection to bondholders," said Standard & Poor's credit analyst Nicole Ridberg. "We also believe coverage will remain strong over time despite the additional planned debt issuance. Furthermore, we believe New York City's substantial and diverse economy will likely continue to support pledged revenue...
Companies mentioned in this report are: New York City Transitional Fin Auth
Action: Outlook: Stable
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Research type: News
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New York City Transitional Fin Auth