Standard&Poor's Ratings Services revised its outlook to positive from stable on various New York State issuers following its outlook revision to New York State's general obligation and state appropriation secured debt. (For more information, see the media release, "New York State Outlook Revised To Positive From Stable On Structural Budget Balance," published Aug. 27, 2012, and the New York full analysis, published Aug. 28, both on RatingsDirect on the Global Credit Portal.) The positive outlook on these entities reflects the outlook on New York State. USPF Criteria: State Ratings Methodology, Jan. 3, 2011 USPF Criteria: Appropriation-Backed Obligations, June 13, 2007
