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 Short-Term Rating On Certain Multifamily Housing Revenue Bonds Withdrawn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.


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