Summary: New York State Dormitory Authority New York State; Joint Criteria

Standard&Poor's Ratings Services confirmed its 'AAA/A-1+' rating on New York State Dormitory Authority's (New York State) series 2008D city university system consolidated fifth general resolution revenue bonds, due to the bank facility being extended to Dec. 11, 2017. The long-term component of the rating is based jointly (assuming low correlation) on the ratings on the obligor, New York State, and the letter of credit provider, TD Bank N.A. The short-term component of the rating is based solely on the rating on TD Bank N.A. USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009 Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009

...Standard & Poor's Ratings Services confirmed its '###/A-1+' rating on New York State Dormitory Authority's (New York State) series 2008D city university system consolidated fifth general resolution revenue bonds, due to the bank facility being extended to Dec. 11, 2017. The long-term component of the rating is based jointly (assuming low correlation) on the ratings on the obligor, New York State, and the letter of credit provider, TD Bank N.A. The short-term component of the rating is based solely on the rating on TD Bank N.A....

Summary