Dormitory Authority Of The State Of New York; Miscellaneous Tax - S&P Global Ratings’ Credit Research

Dormitory Authority Of The State Of New York; Miscellaneous Tax

Dormitory Authority Of The State Of New York; Miscellaneous Tax - S&P Global Ratings’ Credit Research
Dormitory Authority Of The State Of New York; Miscellaneous Tax
Published Aug 30, 2023
8 pages (3753 words) — Published Aug 30, 2023
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' long-term rating to the Dormitory Authority of the State of New York's (DASNY) series 2023A (climate bond certified), 2023B (tax-exempt), and 2023C (federally taxable) state personal income tax (PIT) revenue bonds (general purpose). At the same time, S&P Global Ratings affirmed its 'AA+' rating on DASNY's parity debt outstanding and 'AA+/A-1' dual rating on applicable issues. The outlook is stable. The bonds are secured by a first lien on a pledge of payments made pursuant to a financing agreement entered between DASNY, which is one of five authorized state conduit issuers for the bond program, and the state. Pursuant to the agreement, the state has dedicated 50% of its PIT, 50% of its Employer

  
Brief Excerpt:

...+ S&P Global Ratings assigned its '##+' long-term rating to the Dormitory Authority of the State of New York's (DASNY) series 2023A (climate bond certified), 2023B (tax-exempt), and 2023C (federally taxable) state personal income tax (PIT) revenue bonds (general purpose). + At the same time, S&P Global Ratings affirmed its '##+' rating on DASNY's parity debt outstanding and '##+/A-1' dual rating on applicable issues. + The outlook is stable....

  
Report Type:

Full Report

Issuer
State of New York
Sector
Global Issuers, Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Dormitory Authority Of The State Of New York; Miscellaneous Tax" Aug 30, 2023. Alacra Store. May 11, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Dormitory-Authority-Of-The-State-Of-New-York-Miscellaneous-Tax-3049053>
  
APA:
S&P Global Ratings’ Credit Research. (). Dormitory Authority Of The State Of New York; Miscellaneous Tax Aug 30, 2023. New York, NY: Alacra Store. Retrieved May 11, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Dormitory-Authority-Of-The-State-Of-New-York-Miscellaneous-Tax-3049053>
  
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