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Summary: New York City Housing Development Corp.; Convertible Option Bonds; Multifamily Whole Loan; Other Sep 10 Product Image

Summary: New York City Housing Development Corp.; Convertible Option Bonds; Multifamily Whole Loan; Other Sep 10

  • Published: September 2010
  • Region: New York
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'A-1+' short-term rating on New York City Housing Development Corp.'s multifamily housing revenue bonds series 2009E-2 bonds. The series 2009E-2 bonds are remarketed as series 2009E-2-A and 2009E-2-B on Sept. 15, 2010, and each series is rated 'A-1+'. The series 2006J-1 rating is revised to 'A-1+' from 'AA/A-1+' to denote the short duration of the new interest rate mode, and is also remarketed on Sept. 15, 2010. The 'A-1+' rating on the series 2008M mandatory tender bonds is affirmed (not the 2008 bonds associated with the 47th Ave and River Terrace Project), as indicated in "New York City Housing Development Corp.," published Sept. 10, 2010, on RatingsDirect on the Global Credit Portal.. However,...

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

Action: Affirmed
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 READ MORE >

- New York City Hsg Dev Corp

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