MOODY'S AFFIRMS A2 RATING ON LINCOLN CENTER FOR THE PERFORMING ARTS' (NY) $303 MILLION BONDS; OUTLOOK REVISED TO STABLE

Posted on: October 24, 2011, 8:44 am

NEW YORK, Oct 24, 2011 -- Moody's Investors Service has affirmed its A2 long-term rating on Lincoln Center for the Performing Arts' Series 2008A, Series 2008B, and Series 2008C Revenue Bonds. The rating outlook has been revised to stable. The Series 2008A and 2008B bonds are variable rate tax-exempt bonds and are backed by letters of credit with Bank of America and U.S. Bank, NA . The Series 2008C bonds are fixed rate obligations. The short-term enhanced ratings of A1/VMIG1 for Series A-1 and A-2 as well as the Aa1/VMIG 1 for Series B-1 were last reviewed on September 23, 2011. For more information pertaining to the enhanced short-term ratings, please refer to our report "Moody's downgrades jointly supported LOC-backed U.S. municipal debt; 643 ratings and $37 billion of debt affected" dated September 21, 2010...

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