Fitch rates Dasny tax and facilities bonds AA-, A+

Fitch Ratings said it assigned an AA- rating to the $450.9 million series 2008A state personal income tax revenue bonds issued by the Dormitory Authority of the State of New York, and an A+ rating to $528.245 million mental health services facilities improvement revenue bonds to be issued by the authority.

The outlook is positive.

The income tax bonds are expected sell through negotiation the week of June 23.

The mental health facilities bonds are scheduled to be sold June 25 through negotiation. They include $161.755 million series 2008A, $79.95 million series 2008B, $37.57 million series 2008C (AMT), $207.37 series 2008D and $41.6 million series 2008E. The series 2007D and 2007E bonds are being issued for refunding purposes.

Fitch affirmed the AA- rating on the authority's $10.8 billion income tax bonds issued by New York state agencies and the underlying A+ on $3.6 billion in outstanding mental health services facilities improvement revenue bonds.

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