Fitch rates Dormitory Authority of New York bonds AA-

Fitch Ratings said it assigned an AA- rating to $276,445,000 of the Dormitory Authority of the State of New York's state personal income tax revenue bonds.

The rating applies to $112.44 million of series 2008A (economic development and housing) bonds, $94,465,000 of series 2008B (economic development and housing, federally taxable) bonds; and $69.54 million of series 2008A (health care) bonds.

Sale of the bonds is expected by negotiation the week of Feb. 25.

Fitch also said it affirmed the AA- rating on about $10.7 billion of outstanding personal income tax revenue bonds issued by New York state agencies.

The outlook is positive.

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