Rating On NYU Hospitals Center, NY's Series 2000D, 2006A, 2007A, And 2007B Bonds Raised To 'BBB' Mar 10

Standard & Poors, March 2010

Abstract
NEW YORK (Standard & Poor's) March 26, 2010--Standard & Poor's Ratings Services today raised its long-term rating to 'BBB' from 'BB+' on $395 million series 2000D, 2006A, 2007A, and 2007B bonds issued by the New York State Dormitory Authority for NYU Hospitals Center (NYUHC). The rating outlook is stable. The upgrade reflects our assessment of the significant management and structural transformations at the NYU Langone Medical Center (NYUHC and the NYU School of Medicine) that have resulted in vastly improved earnings. Although the balance sheet remains weak for the rating level and NYUHC has ample capital needs and plans, we believe that NYUHC's higher level of earnings and cash flow are sustainable and so liquidity will continue to improve over...

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

Action: Outlook: Stable
Action: Upgraded

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: 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.

- NYU Hospitals Ctr
- New York State Dorm Auth

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