New York City Housing Development Corp.'s Series 2011G, 2011H, And 2011J Bonds Rated 'AA'; Outlook Stable Dec 11

Standard & Poors, December 2011

Abstract
NEW YORK (Standard & Poor's) Dec. 13, 2011--Standard & Poor's Ratings Services assigned its 'AA' long-term rating to New York City Housing Development Corp.'s (NYCHDC) multifamily housing revenue bonds series 2011G, 2011H, 2011J, and each corresponding subseries. Standard & Poor's also assigned its 'AA' long-term rating to NYCHDC's multifamily housing revenue bonds (Federal New Issue Bond Program) 2009 series 1-5 and 2009 series 2-5. Further, the rating on the series 2010D-2 bonds has been lowered to 'AA/A-1' from 'AA/A-1+', reflecting the recent rating change on JPMorgan Chase Bank, N.A., the liquidity provider for this series. At the same time, Standard & Poor's affirmed its ratings on all other outstanding series under the multifamily housing revenue bond program, including all series...

Companies mentioned in this report are:
- New York City Hsg Dev Corp

Action: Affirmed
Action: Downgraded
Action: New Rating
Action: Outlook: Stable

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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.

- New York City Hsg Dev Corp

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