NEW YORK (Standard&Poor's) Sept. 16, 2013--Standard&Poor's Ratings Services assigned its 'AAA' long-term rating, and stable outlook, to the New York State Urban Development Corp.'s state personal income tax (PIT) revenue bonds (general purpose) series 2013D. At the same time, Standard&Poor's affirmed its 'AAA' rating, with a stable outlook, on New York's $27.3 billion PIT revenue bonds outstanding, issued by various conduit issuers. "The 'AAA' rating reflects what we view as very strong coverage of future maximum annual debt service by the most recent fiscal year's historical pledged PIT revenues; solid bond covenants that mirror a revenue bond structure, and include a strong, 2x additional parity bonds test; and the historical strength of the PIT
