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Fitch Rts DASNY Municipal Health Lease Rev Bnds, New York City Issue 'A+'.

Publication: Business Wire
Publication Date: 30-MAY-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
NEW YORK -- Fitch affirms its 'A+' rating to $405.2 million Dormitory Authority of the State of New York (DASNY) Municipal Health Facilities Improvement Program lease revenue bonds (New York City issue) 2001 series 2 sub series 2-1 through 2-5. These bonds will convert the outstanding auction rate bonds to fixed rate bonds. In addition, Fitch affirms the underlying rating on outstanding parity bonds, including $257.8 million 1998 series 1 bonds and $83.4 million 2001 series 1 bonds. The bonds are expected to be reoffered between June 12-18. The Rating Outlook is Stable.

The...

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