Standard & Poor's late Tuesday raised its long-term rating and, where applicable, its underlying rating to BBB from BBB-minus on various Yankee Stadium LLC bonds, affecting $1.3 billion of New York City Industrial Development Agency debt.

Affected are the IDA's $942.6 million of Series 2006 payments-in-lieu-of-taxes, or PILOT, bonds; $259 million of Series 2009A PILOT bonds; $25 million of Series 2006 rental bonds; and $111.9 million of Series 2009 rental bonds.

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