New York City Series 2024 D, E, And F GO Bonds Assigned 'AA' Rating; Other Ratings Affirmed - S&P Global Ratings’ Credit Research

New York City Series 2024 D, E, And F GO Bonds Assigned 'AA' Rating; Other Ratings Affirmed

New York City Series 2024 D, E, And F GO Bonds Assigned 'AA' Rating; Other Ratings Affirmed - S&P Global Ratings’ Credit Research
New York City Series 2024 D, E, And F GO Bonds Assigned 'AA' Rating; Other Ratings Affirmed
Published Mar 21, 2024
3 pages (1428 words) — Published Mar 21, 2024
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) March 21, 2024--S&P Global Ratings assigned its 'AA' long-term rating to New York City's approximately $1.1 billion fiscal 2024 series D, $163.815 million fiscal 2024 series E, and $15.230 million fiscal 2024 series F general obligation (GO) bonds. At the same time, we assigned our 'AA' long-term rating to each of the following series, which are floating- or adjustable-rate bonds that will be reoffered in fixed-rate mode on April 11, 2024, the conversion date: $108.365 million, fiscal 2006 series I, subseries I-4 GO bonds (variable rate), and $65.020 million, fiscal 2006 series I, subseries I-5 GO bonds (floating rate). At the same time, we affirmed our 'AA' long-term rating on the city's GO debt and

  
Brief Excerpt:

...March 21, 2024 NEW YORK (S&P Global Ratings) March 21, 2024--S&P Global Ratings assigned its '##' long-term rating to New York City's approximately $1.1 billion fiscal 2024 series D, $163.815 million fiscal 2024 series E, and $15.230 million fiscal 2024 series F general obligation (GO) bonds. At the same time, we assigned our '##' long-term rating to each of the following series, which are floating- or adjustable-rate bonds that will be reoffered in fixed-rate mode on April 11, 2024, the conversion date: $108.365 million, fiscal 2006 series I, subseries I-4 GO bonds (variable rate), and $65.020 million, fiscal 2006 series I, subseries I-5 GO bonds (floating rate). At the same time, we affirmed our '##' long-term rating on the city's GO debt and the Hudson Yards Infrastructure Corp.'s revenue bonds outstanding; our '##-' underlying rating (SPUR) on the city's appropriation debt outstanding, and our 'A+' SPUR on the city's moral obligation debt outstanding. Finally, S&P Global Ratings affirmed...

  
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Ratings Action

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Public Finance, Structured Finance
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MLA:
S&P Global Ratings’ Credit Research. "New York City Series 2024 D, E, And F GO Bonds Assigned 'AA' Rating; Other Ratings Affirmed" Mar 21, 2024. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-Series-2024-D-E-And-F-GO-Bonds-Assigned-AA-Rating-Other-Ratings-Affirmed-3142084>
  
APA:
S&P Global Ratings’ Credit Research. (). New York City Series 2024 D, E, And F GO Bonds Assigned 'AA' Rating; Other Ratings Affirmed Mar 21, 2024. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-Series-2024-D-E-And-F-GO-Bonds-Assigned-AA-Rating-Other-Ratings-Affirmed-3142084>
  
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