New York State Dormitory Authority/New York City Rating Raised to A-;Outlook Stable Dec 99

  • ID: 1953034
  • December 1999
  • Region: New York
  • Standard & Poors
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  • New York State Dorm Auth
  • MORE

NEW YORK (Standard & Poor's CreditWire) Dec 6, 1999Standard & Poor's today assigned its single-'A'-minus rating to New York State Dormitory Authority's $290 million court facilities lease revenue bonds series 1999 due May 15, 2039, issued for New York City. Standard & Poor's also raised its rating on the authority's $408.81 million court facilities lease revenue bonds series 1993, issued for the city, to single-'A'-minus from triple-'B'-plus. The outlook is stable. A Standard & Poor's rating in the single-'A' category reflects an issuer's strong ability to repay debt on time and in full. The rating reflects: -- Strong project essentiality at both the city and state levels highlighted by the state's operation of the court system and the city's statutory...

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

Action: Upgraded

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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- New York State Dorm Auth

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