New York State Dormitory Authority; Appropriations Feb 07

  • ID: 1953018
  • February 2007
  • Region: New York
  • Standard & Poors
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Standard & Poor's Ratings Services assigned its 'AA-' rating to New York State Dormitory Authority's mental health services facilities improvement revenue bonds, supported by New York State, reflecting: A strong legislative history of support for appropriation-backed debt; The security provided by financing agreements that cover both state projects and voluntary agency projects; Substantial funds allocated by statute for debt repayment, including federal Medicaid reimbursement; and Strong project essentiality. The authority is issuing bonds to finance improvements to various state facilities and voluntary projects and to refinance certain outstanding bonds. The bonds are being issued under the 2003 resolution and financing agreement (between the authority and the New York State Department of Mental Hygiene), which does not require a debt service...

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

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 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: Full Analysis

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- New York State
- Dorm Auth of the St of New York

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Note: Product cover images may vary from those shown


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