...March 18, 2022 NEW YORK (S&P Global Ratings) March 18, 2022--S&P Global Ratings assigned its '##' long-term rating to New York City's approximately $935 million fiscal 2022 series B and fiscal 2022 series C general obligation (GO) bonds: - Subseries B-1 in the approximate amount of $625 million (tax-exempt); - Subseries B-2 in the approximate amount of $60.3 million (taxable); and - Series C in the approximate amount of $250 million (tax-exempt). At the same time, we affirmed our '##' long-term rating on the city's GO debt outstanding; our '##-' underlying rating (SPUR) on the city's appropriation debt outstanding, including the Hudson Yards Infrastructure Corp.'s (HYIC) revenue bonds; and our 'A+' SPUR on the city's moral obligation debt outstanding. Finally, S&P Global Ratings affirmed its ratings on various issuances where the short-term ratings are based on the liquidity support provided by various financial institutions, and where the long-term ratings are based on joint support. The...
