NEW YORK (Standard&Poor's) Nov. 18, 2013--Standard&Poor's Ratings Services raised its rating on New York State Dormitory Authority's $86.4 million series 2010A pledged assessment revenue bonds outstanding to 'AAA' from 'AA'. The outlook is stable. At the same time, Standard&Poor's assigned its 'AAA' long-term rating, and stable outlook, to the authority's employer assessment revenue bonds, series 2013A (federally taxable). "We base the upgrade on the anticipated closure of the bonds to additional parity debt issuance after finalization of the pending series 2010 supplemental resolution," said Standard&Poor's credit analyst David Hitchcock. "We also base the upgrade on changes in state law that provide an expanded combined pledge of workers' compensation assessments levied for several
