Dormitory Authority of the State of New York 2021A-B Personal Income Tax Revenue Bonds Rated 'AA+'; Outlook Negative - S&P Global Ratings’ Credit Research

Dormitory Authority of the State of New York 2021A-B Personal Income Tax Revenue Bonds Rated 'AA+'; Outlook Negative

Dormitory Authority of the State of New York 2021A-B Personal Income Tax Revenue Bonds Rated 'AA+'; Outlook Negative - S&P Global Ratings’ Credit Research
Dormitory Authority of the State of New York 2021A-B Personal Income Tax Revenue Bonds Rated 'AA+'; Outlook Negative
Published Mar 12, 2021
3 pages (1681 words) — Published Mar 12, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) March 12, 2021--S&P Global Ratings assigned its 'AA+' long-term rating to the Dormitory Authority of the State of New York's (DASNY) series 2021A (tax-exempt) and 2021B (taxable) state personal income tax (PIT) revenue bonds. At the same time, we affirmed our 'AA+' long-term rating on parity PIT-secured bonds outstanding. The outlook is negative. We also affirmed our 'AA+/A-1' dual rating on applicable issues. The negative outlook on the bonds reflects that of New York State. We rate the bonds based on our "Priority-Lien Tax Revenue Debt" criteria (published Oct. 22, 2018, on RatingsDirect), which take into account both the strength and stability of the pledged revenues, as well as the general credit quality of the

  
Report Type:

Ratings Action

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 2021A-B Personal Income Tax Revenue Bonds Rated 'AA+'; Outlook Negative" Mar 12, 2021. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Dormitory-Authority-of-the-State-of-New-York-2021A-B-Personal-Income-Tax-Revenue-Bonds-Rated-AA-Outlook-Negative-2610844>
  
APA:
S&P Global Ratings’ Credit Research. (). Dormitory Authority of the State of New York 2021A-B Personal Income Tax Revenue Bonds Rated 'AA+'; Outlook Negative Mar 12, 2021. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Dormitory-Authority-of-the-State-of-New-York-2021A-B-Personal-Income-Tax-Revenue-Bonds-Rated-AA-Outlook-Negative-2610844>
  
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