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Summary: New York State Dormitory Authority St. John's University; Joint Criteria Sep 11 Product Image

Summary: New York State Dormitory Authority St. John's University; Joint Criteria Sep 11

  • Published: September 2011
  • Region: New York
  • Standard & Poors

Abstract
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
Action: Affirmed

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St John's University,New York State Dorm Auth

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