New York State Dormitory Authority of the State of New York; Appropriations; General Obligation; Joint Criteria; Moral Obligation; School State Program - S&P Global Ratings’ Credit Research

New York State Dormitory Authority of the State of New York; Appropriations; General Obligation; Joint Criteria; Moral Obligation; School State Program

New York State Dormitory Authority of the State of New York; Appropriations; General Obligation; Joint Criteria; Moral Obligation; School State Program - S&P Global Ratings’ Credit Research
New York State Dormitory Authority of the State of New York; Appropriations; General Obligation; Joint Criteria; Moral Obligation; School State Program
Published Oct 04, 2017
16 pages (7496 words) — Published Oct 04, 2017
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings affirmed its 'AA+' rating and stable outlook on New York State's general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'AA' rating on the state's appropriation debt and 'A+' rating on the state's moral obligation debt. The outlook on all ratings is stable. In addition, S&P Global Ratings affirmed its 'AAA/A-1+' and 'AA+/A-1+' joint support ratings and its 'AA/A-1' dual ratings on various issuances where the short-term ratings are based on the liquidity support provided by various financial institutions. The GO rating reflects what we view as New York State's: Strong and diverse economy of about 19.8 million people, with income levels above the national average, but with a higher-than-average proportion of state

  
Brief Excerpt:

...S&P Global Ratings affirmed its '##+' rating and stable outlook on New York State's general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its '##' rating on the state's appropriation debt and 'A+' rating on the state's moral obligation debt. The outlook on all ratings is stable. In addition, S&P Global Ratings affirmed its '###/A-1+' and '##+/A-1+' joint support ratings and its '##/A-1' dual ratings on various issuances where the short-term ratings are based on the liquidity support provided by various financial institutions. The GO rating reflects what we view as New York State's:...

  
Report Type:

Full Report

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. "New York State Dormitory Authority of the State of New York; Appropriations; General Obligation; Joint Criteria; Moral Obligation; School State Program" Oct 04, 2017. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-York-State-Dormitory-Authority-of-the-State-of-New-York-Appropriations-General-Obligation-Joint-Criteria-Moral-Obligation-School-State-Program-1925612>
  
APA:
S&P Global Ratings’ Credit Research. (). New York State Dormitory Authority of the State of New York; Appropriations; General Obligation; Joint Criteria; Moral Obligation; School State Program Oct 04, 2017. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-State-Dormitory-Authority-of-the-State-of-New-York-Appropriations-General-Obligation-Joint-Criteria-Moral-Obligation-School-State-Program-1925612>
  
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