Summary: New York State Dormitory Authority East Rochester Union Free School District, New York Westhill Central School District, New York; School State Program - S&P Global Ratings’ Credit Research

Summary: New York State Dormitory Authority East Rochester Union Free School District, New York Westhill Central School District, New York; School State Program

Summary: New York State Dormitory Authority East Rochester Union Free School District, New York Westhill Central School District, New York; School State Program - S&P Global Ratings’ Credit Research
Summary: New York State Dormitory Authority East Rochester Union Free School District, New York Westhill Central School District, New York; School State Program
Published May 13, 2013
Published May 13, 2013
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's Ratings Services assigned its 'AA-' rating and stable outlook to the Dormitory Authority of the State of New York's (DASNY) series 2013C school district revenue bond financing program revenue bonds. The rating reflects the higher of the school issuer credit ratings (ICR) on the participant districts, using a weak-link approach, and the enhanced state program rating. The rating reflects our view of: The credit characteristics of the participant school districts, and The statutory provisions provided by section 99-b of New York State Finance Law and more than 1x maximum annual debt service coverage by state aid. The DASNY program has added layers of protection, including: An additional timing enhancement that increases the likelihood of the timely receipt

  
Report Type:

Summary

Ticker
2338Z
Issuer
Dormitory Authority of the 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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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: New York State Dormitory Authority East Rochester Union Free School District, New York Westhill Central School District, New York; School State Program" May 13, 2013. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-York-State-Dormitory-Authority-East-Rochester-Union-Free-School-District-New-York-Westhill-Central-School-District-New-York-School-State-Program-1131226>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: New York State Dormitory Authority East Rochester Union Free School District, New York Westhill Central School District, New York; School State Program May 13, 2013. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-York-State-Dormitory-Authority-East-Rochester-Union-Free-School-District-New-York-Westhill-Central-School-District-New-York-School-State-Program-1131226>
  
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