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- Published: March 2012
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New York City Housing Development Corp. Series 2004A Class I Bonds Rating Outlook Revised To Stable On Decrease In DSC Dec 11
- Published: December 2011
- Standard & Poors
NEW YORK (Standard & Poor's) Dec. 8, 2011--Standard & Poor's Ratings Services affirmed its 'AA- (sf)' and 'A (sf) ratings on New York City Housing Development Corp.'s military housing revenue bonds series 2004A class I and class II, respectively, issued on behalf of the Fort Hamilton Housing LLC Project. The outlook on the class I bonds has been revised to stable from positive. The outlook on the class II bonds remains stable. The ratings reflect our view of the following credit strengths: A very strong debt service coverage ratio (DSCR) of 1.66x on the class I bonds and strong DSCR of 1.33x on the class II bonds in fiscal year 2010, based on net operating income; Moderate military essentiality of...
Companies mentioned in this report are: New York City Hsg Dev Corp
Action: Outlook: Stable
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Research type: News
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New York City Hsg Dev Corp
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