standard and poor
NYSTA bonds get S&P 'A+' although outlook 'negative'
By Peter Samuel on June 13, 2012
The New York State Thruyway Authority is getting a strong 'A+' rating from Standard & Poor for an important issue of longterm toll revenue bonds, although the rater is revising its outlook for the Thruway to 'negative.'
A statement today: "The outlook revision reflects what we believe is the potential for lower debt service coverage (DSC) if the authority does not obtain formal board approval
