Lower-rated borrowers that couldn't meet the Dormitory Authority of the State of New York's stringent credit requirements are likely to find the door open a little wider in the near future if staff recommendations presented yesterday are implemented.

DASNY could adopt new security guidelines as soon as next month that would allow it to publicly sell fixed-rate bonds on behalf of borrowers with unenhanced triple-B minus ratings. Under current DASNY criteria, borrowers need to have at least an A-category rating or have credit enhancement.

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