S&P Rts NY St Dorm Auth/NY St Mntl Hlth Fac Bnds A- Mar 98
- ID: 1953219
- March 1998
- Region: New York
- Standard & Poors
NY -- Standard & Poor's CreditWire 3/4/98 –- Standard & Poor's today assigned its single-'A'-minus rating to the New York State Dormitory Authority's $172 million mental health services facilities improvement revenue bonds series 1998A-C dated March 1, 1998 due Feb. 15, 2028, issued for New York State. The bonds are scheduled to sell March 13, 1998. The rating reflects the state's: -- General creditworthiness (single-'A' G.O. rating); -- Substantial funds allocated by New York State statute for debt repayment, including federal Medicaid reimbursement; and -- Strong project essentiality and the security provided by a master financing agreement adopted in 1996 which cover both state projects and voluntary agency projects. On Sept. 1, 1995, the dormitory authority assumed all obligations and...
Companies mentioned in this report are:
- New York State Dorm Auth
Action: New Rating
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Research type: News
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