- Language: English
- Published: March 2013
- Region: New York
Summary: New York State Dormitory Authority St. John's University; Joint Criteria Sep 11
- ID: 1927599
- September 2011
- Region: New York
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AAA/A-1+' rating on New York State Dormitory Authority's (St. John's University) education Variable Rate Demand Obligation series 2008A, due to the bank facility being extended to Sept. 24, 2014. The long-term component of the rating is based jointly (assuming low correlation) on the ratings on the obligor, St John's University, and the letter of credit provider, JPMorgan Chase Bank N.A. The short-term component of the rating is based solely on the rating on JPMorgan Chase Bank N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009...
Companies mentioned in this report are: St John's University,New York State Dorm Auth
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.
SHOW LESS READ MORE >
St John's University,New York State Dorm Auth