Summary: Dormitory Authority Of The State Of New York; Sales Tax - S&P Global Ratings’ Credit Research

Summary: Dormitory Authority Of The State Of New York; Sales Tax

Summary: Dormitory Authority Of The State Of New York; Sales Tax - S&P Global Ratings’ Credit Research
Summary: Dormitory Authority Of The State Of New York; Sales Tax
Published Jul 21, 2023
6 pages (2416 words) — Published Jul 21, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' long-term rating to the Dormitory Authority of the State of New York's (DASNY) approximately $1.74 billion series 2023A-1 (tax-exempt), series 2023A-2 (tax-exempt), and series 2023B (taxable) sales tax revenue bonds. At the same time, S&P Global Ratings affirmed its 'AA+' rating on DASNY's parity debt outstanding. The outlook is stable. The bonds are secured by a dedication of state sales tax in an amount equal to a 2% tax rate deposited in the sales tax revenue bond tax fund (STRBTF), subject to appropriation. The dedication is made from within New York State's existing sales tax collection and does not represent an increase in the overall state tax rate, which is currently 4%. The series 2023A

  
Brief Excerpt:

...(Editor's Note: The par amount has changed since the publication of the original report on July 21, 2023. A corrected version follows.) Credit Profile...

  
Report Type:

Summary

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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MLA:
S&P Global Ratings’ Credit Research. "Summary: Dormitory Authority Of The State Of New York; Sales Tax" Jul 21, 2023. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Dormitory-Authority-Of-The-State-Of-New-York-Sales-Tax-3274401>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Dormitory Authority Of The State Of New York; Sales Tax Jul 21, 2023. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Dormitory-Authority-Of-The-State-Of-New-York-Sales-Tax-3274401>
  
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