New York St Dorm Auth/CUNY $250M Revs Rtd BBB+ by S&P Jun 98
- ID: 1953830
- June 1998
- Region: New York
- Standard & Poors
NY -- Standard & Poor's CreditWire 6/25/98 –- Standard & Poor's today assigned its triple-'B'-plus rating to New York State Dormitory Authority's $250 million consolidated third general resolution revenue bonds series 1998-2, issued for the City University of New York (CUNY). The bonds are scheduled to sell July 8, 1998. At the same time, Standard & Poor's affirmed its ratings on the authority's outstanding debt, also issued for CUNY (see list below) The rating reflects several layers of security including: -- State appropriations for 100% of debt service for senior colleges in the CUNY system and 50% of debt service for CUNY's six community colleges; -- City appropriations for the remaining 50% of the community college debt service; -- An...
Companies mentioned in this report are:
- Dorm Auth of the St of New York
Action: New Rating
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