New York City Series 2019D-1, D-2, D-3 GO Bonds Assigned 'AA' Rating, Other Ratings Affirmed - S&P Global Ratings’ Credit Research

New York City Series 2019D-1, D-2, D-3 GO Bonds Assigned 'AA' Rating, Other Ratings Affirmed

New York City Series 2019D-1, D-2, D-3 GO Bonds Assigned 'AA' Rating, Other Ratings Affirmed - S&P Global Ratings’ Credit Research
New York City Series 2019D-1, D-2, D-3 GO Bonds Assigned 'AA' Rating, Other Ratings Affirmed
Published Nov 26, 2018
4 pages (1671 words) — Published Nov 26, 2018
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) Nov. 26, 2018--S&P Global Ratings assigned its 'AA' long-term rating to New York City's approximately $1.05 billion of fixed-rate general obligation (GO) bonds, composed of approximately $700 million tax-exempt fiscal 2019 series D-1, approximately $223.79 million taxable series D-2, and about $126.21 million taxable series D-3 GO bonds as well as approximately $69 million fiscal 2008 subseries J-3 and $87 million fiscal 2008 subseries J-11 GO bonds, which are being converted from floating-rate to a fixed-rate mode on or around Dec. 18, 2018. At the same time, S&P Global Ratings affirmed its 'AA' underlying ratings on all series of the city's GO debt outstanding, its 'AA-' underlying rating on all of the city's appropriation debt

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) Nov. 26, 2018--S&P Global Ratings assigned its '##' long-term rating to New York City's approximately $1.05 billion of fixed-rate general obligation (GO) bonds, composed of approximately $700 million tax-exempt fiscal 2019 series D-1, approximately $223.79 million taxable series D-2, and about $126.21 million taxable series D-3 GO bonds as well as approximately $69 million fiscal 2008 subseries J-3 and $87 million fiscal 2008 subseries J-11 GO bonds, which are being converted from floating-rate to a fixed-rate mode on or around Dec. 18, 2018. At the same time, S&P Global Ratings affirmed its '##' underlying ratings on all series of the city's GO debt outstanding, its '##-' underlying rating on all of the city's appropriation debt outstanding, and its 'A+' underlying rating 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...

  
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Public Finance, Structured Finance
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "New York City Series 2019D-1, D-2, D-3 GO Bonds Assigned 'AA' Rating, Other Ratings Affirmed" Nov 26, 2018. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-Series-2019D-1-D-2-D-3-GO-Bonds-Assigned-AA-Rating-Other-Ratings-Affirmed-2134771>
  
APA:
S&P Global Ratings’ Credit Research. (). New York City Series 2019D-1, D-2, D-3 GO Bonds Assigned 'AA' Rating, Other Ratings Affirmed Nov 26, 2018. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-Series-2019D-1-D-2-D-3-GO-Bonds-Assigned-AA-Rating-Other-Ratings-Affirmed-2134771>
  
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