...NEW YORK (S&P Global Ratings) Sept. 28, 2016--S&P Global Ratings assigned its '##' rating to the New York State Dormitory Authority's (DASNY) $142.975 million revenue refunding bonds, series 2016A, issued for the New York State Department of Health (DOH). At the same time, S&P Global Ratings affirmed its '##+' rating on the state's general obligation (GO) debt, and its '##' rating on the state's appropriation debt. The outlook on all ratings is stable. The '##' rating on DASNY's revenue refunding bonds reflects: + New York State's long-standing support for appropriation-backed debt; and + The strength of the agreements between the DOH and DASNY. Proceeds of this issue will be used, together with other available funds, to refund certain of DASNY's revenue and revenue refunding bonds that were previously issued on behalf of DOH. The GO rating reflects what we view as New York State's: + Strong and diverse economy of 19.8 million people, with income levels above the national average, but with...
