Standard&Poor's Ratings Services affirmed its 'A+' underlying rating (SPUR) on New York State Dormitory Authority's series 2005B court facility lease revenue bonds. The bonds are secured by city lease rental payments and, ultimately, the statutory requirement that the state comptroller withhold (after certain prior liens) New York City state per capita aid payments, as well as other specified types of state aid, to pay debt service on the bonds should the city not pay its lease obligations in a timely manner. Standard&Poor's raised its rating on the authority's parity debt to 'A+' from 'A' in May 2005 based on the lack of any meaningful competing intercept of state aid now that New York City Municipal Assistance
