Standard&Poor's Ratings Services raised its rating on New York State Dormitory Authority's $86.4 million series 2010A pledged assessment revenue bonds outstanding to 'AAA' from 'AA'. The outlook is stable. At the same time, Standard&Poor's assigned its 'AAA' long-term rating, and stable outlook, to the authority's employer assessment revenue bonds, series 2013A (federally taxable). We base the upgrade on the anticipated closure of the bonds to additional parity debt issuance after finalization of a pending series 2010 supplemental resolution. We also base the upgrade on changes in state law that provide an expanded combined pledge of workers' compensation assessments levied for several workers' compensation-related funds, whereas previously the series 2010 bonds were secured only by a pledge
