Dormitory Authority of the State of New York 2021E-F State PIT Revenue Bonds Assigned 'AA+' Rating

DALLAS (S&P Global Ratings) Dec. 8, 2021--S&P Global Ratings assigned its 'AA+' long-term rating to the Dormitory Authority of the State of New York's (DASNY) approximately $2.1 billion series 2021E (tax-exempt) and $328 million 2021F (federally taxable) state personal income tax (PIT) revenue bonds (general purpose). The outlook is stable. "We rate the bonds based on our 'Priority-Lien Tax Revenue Debt' criteria, which take into account both the strength and stability of the pledged revenues, as well as the general credit quality of the obligor where taxes are distributed and/or collected--in this case, New York State (general obligation [GO] rating: 'AA+/Stable')." Said S&P Global Ratings credit analyst Ladunni Okolo. The criteria were published on published Oct. 22, 2018, on RatingsDirect.

...December 8, 2021 DALLAS (S&P Global Ratings) Dec. 8, 2021--S&P Global Ratings assigned its '##+' long-term rating to the Dormitory Authority of the State of New York's (DASNY) approximately $2.1 billion series 2021E (tax-exempt) and $328 million 2021F (federally taxable) state personal income tax (PIT) revenue bonds (general purpose). The outlook is stable. "We rate the bonds based on our 'Priority-Lien Tax Revenue Debt' criteria, which take into account both the strength and stability of the pledged revenues, as well as the general credit quality of the obligor where taxes are distributed and/or collected--in this case, New York State (general obligation [GO] rating: '##+/Stable')." Said S&P Global Ratings credit analyst Ladunni Okolo. The criteria were published on published Oct. 22, 2018, on RatingsDirect. The series 2021E and 2021F bonds are issued on a parity with all other bonds that have been, or may be, issued under the General Resolution. All PIT bonds, of which there were approximately...

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