NY -- Standard&Poor's CreditWire 7/7/98 –- Standard&Poor's today assigned its triple-'B'-plus rating to New York City's $500 million G.O. bonds series 1999A due Aug. 1, 2021 and $200 million taxable global debt facility bonds series 1998B due Aug. 1, 2001. These ratings have been placed on CreditWatch with positive implications. The bonds are scheduled to sell July 8, 1998. Standard&Poor's also affirmed its triple-'B'-plus and triple-'B'-plus-r ratings on the city's $27 billion of G.O. debt (see list below). These ratings remain on CreditWatch with positive implications, where they were placed February 1998. Standard&Poor's expects to take the city off CreditWatch in the near future following its analysis of the city's adopted budget
