...August 4, 2023 NEW YORK (S&P Global Ratings) Aug. 4, 2023--S&P Global Ratings assigned its '##' long-term rating to New York City's approximately $950.0 million fiscal 2024 series A general obligation (GO) bonds (tax-exempt). At the same time, we assigned our '##' long-term rating to the fiscal 2012 series G, subseries G-5 (approximately $65.5 million), which are GO index-rate bonds that will be reoffered in fixed rate mode on Aug. 17, 2023, the conversion date. We also affirmed our '##' long-term rating on the city's GO debt outstanding; our '##-' underlying rating (SPUR) on the city's appropriation debt outstanding, including the Hudson Yards Infrastructure Corp.'s revenue bonds; and 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 components are based on the liquidity support provided by various financial institutions, and where the long-term components are based on joint support....
