Standard&Poor's Ratings Services has affirmed its 'A+' underlying rating (SPUR) on the following series of New York State Dormitory Authority's (DASNY) school districts revenue bond financing program revenue bonds: 2002A, 2002B, 2002D-I, 2003J, 2005A, 2005B, 2005D, and 2006A. The outlook is stable. The rating is based on statutory provisions provided by section 99-b of the New York State Local Finance Law. State aid provides at least 1x maximum annual debt service (MADS) coverage for each district participating in these bond pools. The DASNY program has added layers of protection, including: An additional timing enhancement that increases the likelihood of revenue receipt from the state comptroller on a timely basis for debt service payment; Monitoring of the individual school
