Standard&Poor's Ratings Services affirmed its 'AAA/A-1+' rating on New York State Dormitory Authority's series 2008D variable-rate demand obligation (New York State; City University of New York), due to the bank facility being extended to Dec. 11, 2014. The long-term rating is jointly based on the ratings on obligor New York State and the letter of credit provider, TD Bank N.A. assuming low correlation. The short-term component of the rating is based solely on the rating on TD Bank N.A. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, July 6, 2009 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009
