|
|
 |
|
Viewing report
|
|
|
|
Hudson Yards Infrastructure Corp.'s 2012 Series A Senior Revenue Bonds Rated 'A' Oct 11
Standard & Poors, Oct 2011
Abstract
NEW YORK (Standard & Poor's) Oct. 5, 2011--Standard & Poor's Ratings Services assigned its 'A' rating to Hudson Yards Infrastructure Corp. (HYIC), N.Y.'s $1 billion senior revenue bonds, fiscal 2012 series A. At the same time, we affirmed our 'A' rating on HYIC's fiscal 2007 series A parity senior revenue bonds. 'The rating is based on our assessment of the general creditworthiness of New York City ('AA' general obligation rating), and the city's success in managing large-scale infrastructure and development projects,' said Standard & Poor's credit analyst Karl Jacob. While there is a direct security related to interest payments on the bonds only, the city is highly invested in the project and its commitment to interest extends until the repayment...
Companies mentioned in this report are: New York City,Hudson Yards Infrastructure Corp.
Action: Affirmed
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.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
