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Fitch rates Memorial Sloan-Kettering, N.Y., bonds AA
Fitch Ratings said it assigned an AA rating to the Dormitory Authority of the State of New York's approximately $450 million of Memorial Sloan-Kettering Cancer Center revenue bonds, series 2008A-1 and 2008A-2.
The series 2008 bonds are being issued to refund the center's series 2002A revenue bonds.
Fitch also said it affirmed the AA underlying rating on all of the center's outstanding debt.
The outlook is stable.
Fitch's April 1 release was a correction to its original March 14 announcement about the bonds.
The March 14 release said that Fitch affirmed the AA rating on the center's approximately $1.2 billion of revenue bonds, series 1998, 2002, 2003 and 2006, but that information was removed by the correction.
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