Standard&Poor's Rating Services assigned its 'AA-' rating with a stable outlook to New York State Dormitory Authority's municipal health facilities improvement program lease revenue bonds, issued for New York City, 2010 series I bonds. At the same time we are affirming the ratings on the dormitory authority's 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: The payment of debt service subject to annual appropriation by New York City (general obligation (GO) bond rating: AA/Stable); Very broad intercept aid, which extends to state Medicaid funds of the New York City social services district and not
