NEW YORK (S&P Global Ratings) May 7, 2019--S&P Global Ratings revised the outlook on its 'AA-' rating on New York State Dormitory Authority's (DASNY) series 2012G school-districts-revenue-bond-financing-program revenue refunding bonds to stable from negative and affirmed the rating. The outlook revision reflects S&P Global Ratings' opinion of the stabilized credit quality of Eastport-South Manor Central School District. The district has made structural changes to its revenue and expenses, and it expects to close with its second straight surplus in fiscal 2019. "We do not expect to change the rating during the next two years. We believe the rating's upside potential is limited based on the participating districts' credit qualities. Debt ratings of the participating districts would need to improve before
