New York City 'AA/A-1+' Rating Reinstated On Fiscal 2006 Series I Subseries I-8 Bonds - S&P Global Ratings’ Credit Research

New York City 'AA/A-1+' Rating Reinstated On Fiscal 2006 Series I Subseries I-8 Bonds

New York City 'AA/A-1+' Rating Reinstated On Fiscal 2006 Series I Subseries I-8 Bonds - S&P Global Ratings’ Credit Research
New York City 'AA/A-1+' Rating Reinstated On Fiscal 2006 Series I Subseries I-8 Bonds
Published May 16, 2019
2 pages (1038 words) — Published May 16, 2019
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) May 16, 2019--S&P Global Ratings corrected by reinstating its 'AA/A-1+' joint support rating on New York City's fiscal 2006 series I subseries I-8 general obligation bonds. The long-term component of the rating reflects that on the city, and the short-term component reflects the liquidity support provided by the standby bond purchase agreement with State Street Bank and Trust. Due to an administrative error the rating was inadvertently withdrawn prior to the July 10, 2019 expiration date of the standby bond purchase agreement.

  
Brief Excerpt:

...May 16, 2019 NEW YORK (S&P Global Ratings) May 16, 2019--S&P Global Ratings corrected by reinstating its '##/A-1+' joint support rating on New York City's fiscal 2006 series I subseries I-8 general obligation bonds. The long-term component of the rating reflects that on the city, and the short-term component reflects the liquidity support provided by the standby bond purchase agreement with State Street Bank and Trust. Due to an administrative error the rating was inadvertently withdrawn prior to the July 10, 2019 expiration date of the standby bond purchase agreement....

  
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 'AA/A-1+' Rating Reinstated On Fiscal 2006 Series I Subseries I-8 Bonds" May 16, 2019. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-AA-A-1-Rating-Reinstated-On-Fiscal-2006-Series-I-Subseries-I-8-Bonds-2233943>
  
APA:
S&P Global Ratings’ Credit Research. (). New York City 'AA/A-1+' Rating Reinstated On Fiscal 2006 Series I Subseries I-8 Bonds May 16, 2019. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-AA-A-1-Rating-Reinstated-On-Fiscal-2006-Series-I-Subseries-I-8-Bonds-2233943>
  
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