NEW YORK (Standard&Poor's) Sept. 12, 2005--Standard&Poor's Ratings Services assigned its 'A+' rating to New York City's $650 million general obligation bonds, fiscal 2006 series F (subseries F-1 and F-2), and affirmed its 'A+' rating on the city's $33 billion of parity debt outstanding. The outlook is stable. "Although New York City continues to face challenges to its financial plan, along with significant out-year gaps, its long-term planning and proactive budget management mitigate these risks at the current rating level," said Standard&Poor's credit analyst Robin Prunty. "The city's economy has rebounded steadily over the past two years, allowing revenues to expand well above forecast, which has improved liquidity and provided significant flexibility to manage growing
