Young Men's Christian Assn. of Greater New York Debt Outlook Revised To Stable On Improving Demand - S&P Global Ratings’ Credit Research

Young Men's Christian Assn. of Greater New York Debt Outlook Revised To Stable On Improving Demand

Young Men's Christian Assn. of Greater New York Debt Outlook Revised To Stable On Improving Demand - S&P Global Ratings’ Credit Research
Young Men's Christian Assn. of Greater New York Debt Outlook Revised To Stable On Improving Demand
Published Oct 25, 2022
2 pages (1085 words) — Published Oct 25, 2022
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Abstract:

SAN FRANCISCO (S&P Global Ratings) Oct. 25, 2022--S&P Global Ratings revised its outlook from negative to stable and affirmed its 'BBB' rating on Young Men?s Christian Association (YMCA) of Greater New York's outstanding general obligation bonds, issued by Build NYC Resource Corp. on YMCA's behalf. "The outlook revision reflects a stabilization to modestly improving demand at the Y and its positive operating performance in fiscal 2021 and anticipated performance for fiscal 2022," said S&P Global Ratings credit analyst Phillip Pena. "It also reflects its adequate available resources and our expectation that its bullet maturity in 2026 will be adequately addressed," he added. YMCA is a community service organization to empower youth, improve health, and strengthen community. Founded in 1852, the

  
Brief Excerpt:

...October 25, 2022 SAN FRANCISCO (S&P Global Ratings) Oct. 25, 2022--S&P Global Ratings revised its outlook from negative to stable and affirmed its '###' rating on Young Men's Christian Association (YMCA) of Greater New York's outstanding general obligation bonds, issued by Build NYC Resource Corp. on YMCA's behalf. "The outlook revision reflects a stabilization to modestly improving demand at the Y and its positive operating performance in fiscal 2021 and anticipated performance for fiscal 2022," said S&P Global Ratings credit analyst Phillip Pena. "It also reflects its adequate available resources and our expectation that its bullet maturity in 2026 will be adequately addressed," he added. YMCA is a community service organization to empower youth, improve health, and strengthen community. Founded in 1852, the New York YMCA is the largest YMCA in existence and operates branches and community centers throughout the five boroughs....

  
Report Type:

Ratings Action

Issuer
Young Men's Christian Association of Greater New York
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Young Men's Christian Assn. of Greater New York Debt Outlook Revised To Stable On Improving Demand" Oct 25, 2022. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Young-Men-s-Christian-Assn-of-Greater-New-York-Debt-Outlook-Revised-To-Stable-On-Improving-Demand-2908328>
  
APA:
S&P Global Ratings’ Credit Research. (). Young Men's Christian Assn. of Greater New York Debt Outlook Revised To Stable On Improving Demand Oct 25, 2022. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Young-Men-s-Christian-Assn-of-Greater-New-York-Debt-Outlook-Revised-To-Stable-On-Improving-Demand-2908328>
  
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