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Fitch Ratings
Fitch Rates New York City TFA $700MM Building Aid Revs 'A+'
June 22nd, 2008
Fitch Ratings assigns an 'A+' rating to $700 million New York City Transitional Finance Authority (TFA) building aid revenue bonds, fiscal 2008 series S-1. The bonds are scheduled to sell through negotiation the week of June 9th. Fitch also affirms the 'A+' rating of $1.3 billion outstanding TFA building aid revenue bonds. The Rating Outlook is Positive. The 'A+' rating is based on the credit quality of the State of New York (the state), as bonds are payable from annual state appropriations of building aid. State building aid assists local school districts across the state with the cost of constructing and improving elementary and secondary education facilities....
Source: Pharma Investments, Ventures & Law Weekly (2008-06-22)
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