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The authority's outstanding VRDBs carry an 'F1+' short-term rating based on liquidity support from a number of banks in the form of standby bond purchase agreements. The short-term 'F1+' rating on the bonds is based on the liquidity support of the standby bond purchase agreements (SBPAs) provided by JPMorgan Chase Bank, N. The 'F1+' short-term rating on the bonds is based on the liquidity support of the standby bond purchase agreements (SBPAs) provided as follows: by JPMorgan Chase Bank, National Association (JPMorgan) for the 2007 series A-1 bonds; by Dexia Credit Local, acting through its New York Branch, for the 2007 series B-1 bonds; by Citibank, N. |
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