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Summary: New York City Housing Development Corp.; Letter of Credit Sep 11

Standard & Poors, September 2011

Abstract
Standard & Poor's Ratings Services affirmed its 'A/A-1' rating on New York City Housing Development Corp.'s (20 Exchange Place) multifamily mortgage revenue bonds series 2006A and 2006B, due to the bank facility being extended to June 15, 2012. The long-term and short-term components of the rating are based on the rating on Landesbank Hessen-Thueringen Girozentrale. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009...

Companies mentioned in this report are: New York City Hsg Dev Corp
Action: Affirmed

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.

New York City Hsg Dev Corp

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