New York City 2019 Subseries D-4 General Obligation Bond Rating Raised To 'AA/A-1+' From 'AA/A-1' On SBPA Assessment - S&P Global Ratings’ Credit Research

New York City 2019 Subseries D-4 General Obligation Bond Rating Raised To 'AA/A-1+' From 'AA/A-1' On SBPA Assessment

New York City 2019 Subseries D-4 General Obligation Bond Rating Raised To 'AA/A-1+' From 'AA/A-1' On SBPA Assessment - S&P Global Ratings’ Credit Research
New York City 2019 Subseries D-4 General Obligation Bond Rating Raised To 'AA/A-1+' From 'AA/A-1' On SBPA Assessment
Published Jan 18, 2023
2 pages (1053 words) — Published Jan 18, 2023
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) Jan. 18, 2023--S&P Global Ratings raised the short-term component of its dual rating on New York City's general obligation (GO) bonds, fiscal 2019 series D subseries D-4, to 'AA/A-1+' from 'AA/A-1'. The outlook is stable. "The rating action reflects our assessment of the replacement of the existing standby bond purchase agreement provided by Barclays Bank PLC with a new SBPA provided by State Street Bank&Trust Co., effective Jan. 19, 2023," said S&P Global Ratings credit analyst Thomas Dunn.

  
Brief Excerpt:

...January 18, 2023 NEW YORK (S&P Global Ratings) Jan. 18, 2023--S&P Global Ratings raised the short-term component of its dual rating on New York City's general obligation (GO) bonds, fiscal 2019 series D subseries D-4, to '##/A-1+' from '##/A-1'. The outlook is stable. "The rating action reflects our assessment of the replacement of the existing standby bond purchase agreement provided by Barclays Bank PLC with a new SBPA provided by State Street Bank & Trust Co., effective Jan. 19, 2023," said S&P Global Ratings credit analyst Thomas Dunn....

  
Report Type:

Ratings Action

Issuer
New York City
Sector
Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "New York City 2019 Subseries D-4 General Obligation Bond Rating Raised To 'AA/A-1+' From 'AA/A-1' On SBPA Assessment" Jan 18, 2023. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-2019-Subseries-D-4-General-Obligation-Bond-Rating-Raised-To-AA-A-1-From-AA-A-1-On-SBPA-Assessment-2937794>
  
APA:
S&P Global Ratings’ Credit Research. (). New York City 2019 Subseries D-4 General Obligation Bond Rating Raised To 'AA/A-1+' From 'AA/A-1' On SBPA Assessment Jan 18, 2023. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-2019-Subseries-D-4-General-Obligation-Bond-Rating-Raised-To-AA-A-1-From-AA-A-1-On-SBPA-Assessment-2937794>
  
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