NEW YORK (S&P Global Ratings) May 18, 2021--S&P Global Ratings revised the outlook to stable from negative on New York City's general obligation (GO) and associated appropriation-backed bonds, and affirmed its 'AA' long-term rating on the GO debt outstanding. In addition, we affirmed our 'AA-' underlying rating (SPUR) on the city's appropriation debt outstanding, excluding the Hudson Yards Infrastructure Corp.'s second indenture bonds, which we rate 'A+'. We affirmed 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. New York City's faith and credit,
