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Summary: New York State Dormitory Authority Jewish Board of Family and Children's Services; Human Service Providers Nov 07

  • ID: 1952040
  • November 2007
  • Region: New York
  • Standard & Poors
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Abstract
Standard & Poor's Ratings Services affirmed its 'BBB' underlying rating (SPUR) on New York State Dormitory Authority's revenue bonds, issued for Jewish Board of Family and Children's Services (JBFCS). The 'BBB' rating reflects JBFCS': Solid liquidity position, with unrestricted cash and investments equal to 156 days' cash and 115% of long-term debt and lines of credit; Long operating history more than a century long, with deep ties to the community; Broad array of services, with more than 165 programs at more than 90 locations in New York City and the surrounding N.Y. suburbs; and Strong historic public support, with about three-fourths of revenue derived from governmental sources, including New York State (AA) and New York City (AA). Offsetting factors include:...

Companies mentioned in this report are:
- Dorm Auth of the St of New York

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 READ MORE >

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- Dorm Auth of the St of New York

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