NEW YORK (Standard&Poor's) June 20, 2014--Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating, and stable outlook, to the New York State Dormitory Authority's $1.2 billion state personal income tax (PIT) revenue bonds (general purpose) series 2014C (tax-exempt) and 2014D (federally taxable). At the same time, Standard&Poor's affirmed its 'AAA' rating, with a stable outlook, on the state's $28.8 billion PIT revenue bonds outstanding issued by various conduit issuers. "The 'AAA' rating reflects what we view as very strong 3.93x coverage of future maximum annual debt service, by the most recent fiscal year's historical pledged PIT revenues," said Standard&Poor's credit analyst David Hitchcock. The rating also reflects what we consider: Solid bond
