Summary: New York City Housing Development Corp.; Convertible Option Bonds; Multifamily Whole Loan; Other Sep 10
- ID: 1930346
- September 2010
- Region: New York
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA/A-1+', 'AA', and 'A-1+' ratings on New York City Housing Development Corp.'s (NYCHDC) multifamily housing revenue bonds series 2006J-1, mandatory tender bonds series 2008M, and 2009E-2, respectively. Pursuant to information provided to Standard & Poor's, the affirmation anticipates the remarketing of each series in a term rate mode of one year or less. On the respective remarketing dates, Standard & Poor's will revise the rating on each series to 'A-1+' to denote the short duration of the new interest rate mode. The series 2006J-1 and 2009E-2 bonds are subject to mandatory tender for purchase on Sept. 15, 2010. The series 2008M bonds are subject to mandatory tender for purchase on Oct. 1, 2010....
Companies mentioned in this report are:
- New York City Hsg Dev Corp
Action: Outlook: Stable
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