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New York State Dormitory Authority, New York University Of Rochester; Joint Criteria; Private Coll/Univ - General Obligation Jun 09 Product Image

New York State Dormitory Authority, New York University Of Rochester; Joint Criteria; Private Coll/Univ - General Obligation Jun 09

  • Published: June 2009
  • Region: New York
  • Standard & Poors

FEATURED COMPANIES

  • New York State Dorm Auth
  • Rochester Univ
  • MORE

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to New York State Dormitory Authority's series 2009 revenue bonds, issued for the University of Rochester. At the same time, Standard & Poor's affirmed its 'A+' SPURs and long-term rating on the university's previously issued bonds. The university will issue the series 2009 bonds in a fixed-rate mode with a final maturity date of July 1, 2039. The issuance will consist of four tranches the series 2009A, 2009B, 2009C, and 2009D for a par amount of approximately $140 million, including issuance costs. The university issued series 2009A and 2009C bonds as new debt totaling approximately $100 million. The series 2009B and 2009D bonds will be issued to refinance existing debt...

Companies mentioned in this report are:
- Rochester Univ
- New York State Dorm Auth

Action: New Rating

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 READ MORE >

- Rochester Univ
- New York State Dorm Auth

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