New York City New York City Industrial Development Agency; Appropriations; General Obligation; Joint Criteria; Liquidity Facility; Moral Obligation; Sales Tax

S&P Global Ratings assigned its 'AA' long-term rating to New York City's approximately $986.1 million of fixed-rate general obligation (GO) bonds, composed of approximately $824.1 million tax-exempt fiscal 2019 series E, approximately $90.20 million tax-exempt series F-1, and about $71.9 million taxable series F-2 GO bonds. At the same time, S&P Global Ratings assigned its 'AA-' rating to the New York City Industrial Development Authority's (IDA's) 2019 series A special revenue refunding bonds. We also affirmed our 'AA' underlying ratings on all series of the city's GO debt outstanding, our 'AA-' underlying rating on all of the city's appropriation debt outstanding except the Hudson Yards Infrastructure Corp.'s (HYIC) second indenture bonds, and our 'A+' underlying rating on the city's moral

...S&P Global Ratings assigned its '##' long-term rating to New York City's approximately $986.1 million of fixed-rate general obligation (GO) bonds, composed of approximately $824.1 million tax-exempt fiscal 2019 series E, approximately $90.20 million tax-exempt series F-1, and about $71.9 million taxable series F-2 GO bonds. At the same time, S&P Global Ratings assigned its '##-' rating to the New York City Industrial Development Authority's (IDA's) 2019 series A special revenue refunding bonds. We also affirmed our '##' underlying ratings on all series of the city's GO debt outstanding, our '##-' underlying rating on all of the city's appropriation debt outstanding except the Hudson Yards Infrastructure Corp.'s (HYIC) second indenture bonds, and our 'A+' underlying rating on the city's moral obligation debt outstanding and the HYIC's second indenture bonds. Finally, S&P Global Ratings affirmed its ratings on various issuances where the short-term ratings are based on the liquidity support...

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