New York City's $1.2B Fiscal 2024 Series C General Obligation Bonds Assigned 'AA' Rating; Outlook Stable - S&P Global Ratings’ Credit Research

New York City's $1.2B Fiscal 2024 Series C General Obligation Bonds Assigned 'AA' Rating; Outlook Stable

New York City's $1.2B Fiscal 2024 Series C General Obligation Bonds Assigned 'AA' Rating; Outlook Stable - S&P Global Ratings’ Credit Research
New York City's $1.2B Fiscal 2024 Series C General Obligation Bonds Assigned 'AA' Rating; Outlook Stable
Published Feb 23, 2024
3 pages (1370 words) — Published Feb 23, 2024
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Abstract:

NEW YORK (S&P Global Ratings) Feb. 23, 2024--S&P Global Ratings assigned its 'AA' long-term rating to New York City's approximately $1.2 billion fiscal 2024 series C general obligation (GO) bonds. At the same time, we assigned our 'AA' long-term rating to each of the series below, which are GO auction or adjustable-rate bonds that will be reoffered in fixed-rate mode on March 7, 2024, the conversion date, and upon conversion, the fiscal 2006 series J-2 and fiscal 2006 series J-3 listed below will be redesignated as fiscal 2006 series J-A bonds: $50.0 million, fiscal 2006 series J-2 GO bonds (auction rate) $50.0 million, fiscal 2006 series J-3 GO bonds (auction rate) $37.925 million, fiscal 2008 series A-4 GO bonds (auction

  
Brief Excerpt:

...February 23, 2024 NEW YORK (S&P Global Ratings) Feb. 23, 2024--S&P Global Ratings assigned its '##' long-term rating to New York City's approximately $1.2 billion fiscal 2024 series C general obligation (GO) bonds. At the same time, we assigned our '##' long-term rating to each of the series below, which are GO auction or adjustable-rate bonds that will be reoffered in fixed-rate mode on March 7, 2024, the conversion date, and upon conversion, the fiscal 2006 series J-2 and fiscal 2006 series J-3 listed below will be redesignated as fiscal 2006 series J-A bonds: - $50.0 million, fiscal 2006 series J-2 GO bonds (auction rate) - $50.0 million, fiscal 2006 series J-3 GO bonds (auction rate) - $37.925 million, fiscal 2008 series A-4 GO bonds (auction rate) - $100.0 million, fiscal 2008 series C-4 GO bonds (auction rate) - $100.0 million, fiscal 2009 series B-3 GO bonds (adjustable rate) At the same time, we affirmed our '##' long-term rating on the city's GO debt and the Hudson Yards Infrastructure...

  
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MLA:
S&P Global Ratings’ Credit Research. "New York City's $1.2B Fiscal 2024 Series C General Obligation Bonds Assigned 'AA' Rating; Outlook Stable" Feb 23, 2024. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-s-1-2B-Fiscal-2024-Series-C-General-Obligation-Bonds-Assigned-AA-Rating-Outlook-Stable-3129932>
  
APA:
S&P Global Ratings’ Credit Research. (). New York City's $1.2B Fiscal 2024 Series C General Obligation Bonds Assigned 'AA' Rating; Outlook Stable Feb 23, 2024. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-s-1-2B-Fiscal-2024-Series-C-General-Obligation-Bonds-Assigned-AA-Rating-Outlook-Stable-3129932>
  
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