Fitch Ratings
Fitch Rates Dormitory Authority of New York's $483MM Mental Health Bonds 'A+'; Outlook Stable
Published in Health Insurance Week, March 29th, 2009
Fitch Ratings assigns an 'A+' rating to approximately $483 million Dormitory Authority of the State of New York (DASNY) mental health services facilities improvement revenue bonds, consisting of $443,675,000 series 2009A-1 and $39,115,000 series 2009B-1 (federally taxable). The bonds, which are being issued to refund outstanding variable-rate debt, are scheduled to be sold the week of March 9 through negotiation. Fitch also affirms the underlying 'A+' rating on about $3.8 billion in outstanding mental health services facilities improvement revenue bonds. The Rating Outlook is Stable.
The 'A+' rating for the mental health bonds is based on the credit quality of the State...
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