New York City Series 1990I Bond Rating Corrected To 'AA' - S&P Global Ratings’ Credit Research

New York City Series 1990I Bond Rating Corrected To 'AA'

New York City Series 1990I Bond Rating Corrected To 'AA' - S&P Global Ratings’ Credit Research
New York City Series 1990I Bond Rating Corrected To 'AA'
Published Jun 03, 2022
2 pages (1009 words) — Published Jun 03, 2022
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) June 3, 2022--S&P Global Ratings corrected by lowering its long-term rating on New York City's general obligation bonds, fiscal 1990, series I to 'AA' from 'AA+'. The outlook is stable. The 2024-2026 maturities associated with the bonds were incorrectly linked to the New York State 'AA+' long-term rating rather than to the New York City 'AA' long-term rating. The error dates to July 23, 2014, and relates to an incorrect linking of the maturities' CUSIPs for the transaction.

  
Brief Excerpt:

...June 3, 2022 NEW YORK (S&P Global Ratings) June 3, 2022--S&P Global Ratings corrected by lowering its long-term rating on New York City's general obligation bonds, fiscal 1990, series I to '##' from '##+'. The outlook is stable. The 2024-2026 maturities associated with the bonds were incorrectly linked to the New York State '##+' long-term rating rather than to the New York City '##' long-term rating. The error dates to July 23, 2014, and relates to an incorrect linking of the maturities' CUSIPs for the transaction....

  
Report Type:

Ratings Action

Issuer
New York City
Sector
Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "New York City Series 1990I Bond Rating Corrected To 'AA'" Jun 03, 2022. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-Series-1990I-Bond-Rating-Corrected-To-AA-2849353>
  
APA:
S&P Global Ratings’ Credit Research. (). New York City Series 1990I Bond Rating Corrected To 'AA' Jun 03, 2022. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-Series-1990I-Bond-Rating-Corrected-To-AA-2849353>
  
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