New York State Dormitory Authority; Miscellaneous Tax Sep 10

Standard & Poors, September 2010

Abstract
Standard & Poor's Ratings Services assigned a 'AAA' long-term rating, and stable outlook, to the New York State Dormitory Authority's state personal income tax (PIT) revenue bonds (education) qualified school construction bonds, series 2010 (federally taxable interest bearing bonds). At the same time, Standard & Poor's affirmed its 'AAA' long-term rating, with a stable outlook, on New York State's PIT revenue bonds outstanding issued by various conduit issuers. The 'AAA' rating reflects what we view as: Very strong 4.6x coverage of future maximum annual debt service (MADS), assuming the state's planned issuance of two future parity bonds in the near future, by historical PIT revenues set-aside directly to the trustee, providing a strong security that effectively eliminates the risk of...

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

- New York State
- New York State Dorm Auth

Customers who bought this item also bought

• The New York State Directory 2013/14 Edition
• Governing the Global Economy. International Finance and the State
• The New York State Directory 2011/12 Edition
• The Survey of Assessment Practices in Higher Education, 2013 Edition
• The Survey of Library Public Relations Practices
• Higher Education Interlibrary Loan Management Benchmarks, 2013 Edition
• The Handbook of Scholarly Writing and Publishing
• Library Use of Video & Audio, 2011-2012 Edition
• A Guide to Mergers and Acquisitions in China
• Profiles of the Use of Cloud Computing in Higher Education