Rating Raised On New York Municpal Bond Bank Agency's Series 2003A-D Bonds To 'AA-' From 'A+'; Outlook Positive - S&P Global Ratings’ Credit Research

Rating Raised On New York Municpal Bond Bank Agency's Series 2003A-D Bonds To 'AA-' From 'A+'; Outlook Positive

Rating Raised On New York Municpal Bond Bank Agency's Series 2003A-D Bonds To 'AA-' From 'A+'; Outlook Positive - S&P Global Ratings’ Credit Research
Rating Raised On New York Municpal Bond Bank Agency's Series 2003A-D Bonds To 'AA-' From 'A+'; Outlook Positive
Published Sep 20, 2012
1165 words — Published Sep 20, 2012
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Abstract:

NEW YORK (Standard&Poor's) Sept. 20, 2012--Standard&Poor's Ratings Services raised its ratings on New York Municipal Bond Bank Agency's series 2003A, B, C, and D special school purpose revenue bonds outstanding to 'AA-' from 'A+'. The outlook is positive. "The upgrade reflects what we view as the strength of the intercept of annually appropriated New York City state education aid in advance of debt service payment," said Standard&Poor's credit analyst David Hitchcock. The positive outlook is based on the outlook the state of New York's general obligation (GO) bonds. In addition, Standard&Poor's assigned its 'AA-' rating, and positive outlook, to the agency's series 2012A special school purpose revenue bonds, issued for New York

  
Brief Excerpt:

RESEARCH Rating Raised On New York Municpal Bond Bank Agency's Series 2003A-D Bonds To '##-' From 'A+'; Outlook Positive Publication date: 20-Sep-2012 Primary Credit Analyst: David G Hitchcock, New York (1) 212-438-2022; david_hitchcock@standardandpoors...

  
Report Type:

Ratings Action

Issuer
New York State
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Rating Raised On New York Municpal Bond Bank Agency's Series 2003A-D Bonds To 'AA-' From 'A+'; Outlook Positive" Sep 20, 2012. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Rating-Raised-On-New-York-Municpal-Bond-Bank-Agency-s-Series-2003A-D-Bonds-To-AA-From-A-Outlook-Positive-1014615>
  
APA:
S&P Global Ratings’ Credit Research. (). Rating Raised On New York Municpal Bond Bank Agency's Series 2003A-D Bonds To 'AA-' From 'A+'; Outlook Positive Sep 20, 2012. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Rating-Raised-On-New-York-Municpal-Bond-Bank-Agency-s-Series-2003A-D-Bonds-To-AA-From-A-Outlook-Positive-1014615>
  
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