Fitch Corrects Displayed Ratings on 4 NYC-related Credits.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- An error was found in the ratings displayed on Fitch's web site for the following bonds: --Jay Street Development Corp. courts facility lease revenue bonds (New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. - Jay Street Project); --New York City Industrial Development Agency special revenue bonds (New York City-New York Stock Exchange Project); --Dormitory Authority of the State of New York (DASNY DASNY Dormitory Authority of the State of New York ) court facilities lease revenue bonds (New York City issue); --Dormitory Authority of the State of New York (DASNY) Fashion Institute of Technology (FIT) revenue bonds. Fitch upgraded the ratings on the above bonds to 'A+' from 'A' on June 29, 2007. The current 'A+' ratings now appear correctly on our web site. Previously, the ratings were incorrectly displayed as 'AA-'. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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