New York City Housing Development Corp. Short-Term Rating On Certain Multifamily Housing Revenue Bonds Withdrawn

Stocks and Financial Services Press Releases Friday July 6, 2018 11:27
SAN FRANCISCO--6 Jul--S&P Global Ratings

SAN FRANCISCO (S&P Global Ratings) July 5, 2018--S&P Global Ratings corrected by withdrawing its short-term rating on New York City Housing Development Corp. 's series 2008J, 2008K, 2009I-2, 2010H, 2011F-2, 2011F-3, 2013 D-2, 2014B-2, 2014D-2, 2014H-2, 2015B-2, 2016G-2, 2016J-1, 2016J-2, and 2017B-2 multifamily housing revenue bonds.

The 'NR' on each series, indicating that none of the series of bonds is supported by a liquidity facility, was in error. 'NR' was not appropriate, as the bonds are not short-term obligations as defined under our ratings definitions.

Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such criteria. Please see Ratings Criteria at www.standardandpoors.com for further information. Complete ratings information is available to subscribers of RatingsDirect at www.capitaliq.com. All ratings affected by this rating action can be found on S&P Global Ratings' public website at www.standardandpoors.com. Use the Ratings search box located in the left column.


Latest Press Release

SET market report for March 2020

The Stock Exchange of Thailand (SET) Index ended March at 1,125.86 points, down 16 percent from the previous month, while the average daily trading value of SET and Market for Alternative Investment (mai) in the month surged 34.8 percent from the 2019...

In Time of Need, IMA to Provide Free Access to Many Resources to Nonmembers for 90 Days

IMA(R) (Institute of Management Accountants), the association of accountants and financial professionals in business, wants to help those in the accounting and finance profession cope with the disruption caused by the COVID-19 pandemic. Therefore, IMA is...

JWD confident of good Q1/2020 performance despite COVID-19 impact New solutions introduced for customers along with BCP for continuity

JWD InfoLogistics Public Company Limited (JWD) is confident of maintaining satisfactory overall first quarter performance following the continuous good achievements in general warehousing, domestic and cross-border transport businesses, although the...

COVID-19 pandemic drives number of new SCB EASY App users to 200,000, while donation transactions jump by 10 times

Customer ID authentication for opening new SCB accounts at 7-Eleven reaches 10,000 accounts in 3 days Driven by the COVID-19 pandemic, consumers are now avoiding cash and non-essential commutes. As a result, they are turning to digital channels for...

Krungsri Auto Expands Relief Measures for Customers Impacted by COVID-19

Krungsri Auto, a leader in automotive finance under Bank of Ayudhya PCL, announced that it has expanded assistance measures for auto finance customers who have been impacted by the spreading of COVID-19, in response to the Bank of Thailand’s...

Related Topics