NEW YORK (Standard&Poor's) Nov. 1, 2004--Standard&Poor's Ratings Services assigned its 'A' rating to New York City's $1.25 billion general obligation bonds fiscal 2005 (tax-exempt and taxable) series D, E, and F, and affirmed its 'A' rating on the city's outstanding general obligation debt. The outlook is stable. The rating reflects the city's continued financial and economic recovery, evidenced by stronger-than-projected revenue performance for the current fiscal year and out-years of the financial plan; substantial and diverse economic base, which is performing in line with national economic trends; and strong growth in the taxable real estate base, which has been a stabilizing financial factor for the city since the onset of the recession in 2001. The rating
