Standard&Poor's Ratings Services assigned its 'AA-' long-term rating, and stable outlook, to New York State Dormitory Authority's municipal health facilities improvement program lease revenue bonds, issued for New York City, 2010 series A bonds. At the same time, we are affirming the 'AA-' rating, with a stable outlook, on the parity debt outstanding. The bonds are secured by New York City lease-rental payments to the dormitory authority. There is also a statutory intercept structure in place securing the bonds. The rating reflects our opinion of: The payment of debt service subject to annual appropriation by New York City (general obligation [GO] bonds rated AA/Stable); Very broad intercept aid, which extends to state Medicaid funds of the New York
