NEW YORK (Standard&Poor's CreditWire) May 5, 2000-- Standard&Poor's today assigned its single-'A'-minus rating to New York City, N.Y.'s $600.00 million GO bonds series 2000A due May 15, 2030 and $67.18 million GO bonds series 2000B, 2000C, and 2000D due Aug. 1, 2020. The bonds are scheduled to sell May 9, 2000. In addition, Standard&Poor's today affirmed its single-'A'-minus rating on the city's $28 billion of outstanding debt. The outlook is stable. The rating reflects: -- Continued strong financial performance as demonstrated by repeated budget surpluses, restrained expenditure growth, sharply limited use of nonrecurring revenues, and progress in reducing out-year gaps while simultaneously reducing the city's tax burden; -- Continued economic growth demonstrated by steady
