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Published on 4/21/2008 in the Prospect News Municipals Daily.

S&P rates Queens College, N.Y., bonds AA-/A-1+

Standard & Poor's said it assigned an AA-/A-1+ rating to New York City Housing Development Corp.'s $69.865 million of residential revenue bonds (Queens College Residences), 2008 series A.

The rating is based on an irrevocable, direct-pay letter of credit provided by RBS Citizens NA.


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