NEW YORK (Standard&Poor's CreditWire) June 26, 2000--Standard&Poor's today assigned its single-'A'-minus rating to New York City, N.Y.'s $150 million GO bonds series 2000E, which are scheduled to sell June 28, 2000. In addition, Standard&Poor's affirmed its single-'A'-minus rating on the city's outstanding GO debt. The rating reflects: -- Continued strong financial performance as demonstrated by repeated budget surpluses and sharply limited use of nonrecurring revenues; -- Continued economic growth demonstrated by steady improvement in the city's economy, which is highlighted by strong Wall Street-driven income gains combined with increases in employment for the sixth straight year; -- A robust real-estate market highlighted by declining vacancy rates for commercial real estate and overall growth in
