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. 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 State (GO rating: AA/Positive). The rating reflects our view of: The credit quality of the
