New York City's 2017 Series B, Subseries B-1, B-2, And B-3 General Obligation Bonds Rated 'AA'; Other Ratings Affirmed - S&P Global Ratings’ Credit Research

New York City's 2017 Series B, Subseries B-1, B-2, And B-3 General Obligation Bonds Rated 'AA'; Other Ratings Affirmed

New York City's 2017 Series B, Subseries B-1, B-2, And B-3 General Obligation Bonds Rated 'AA'; Other Ratings Affirmed - S&P Global Ratings’ Credit Research
New York City's 2017 Series B, Subseries B-1, B-2, And B-3 General Obligation Bonds Rated 'AA'; Other Ratings Affirmed
Published Dec 02, 2016
3 pages (1442 words) — Published Dec 02, 2016
Price US$ 150.00  |  Buy this Report Now

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Abstract:

NEW YORK (S&P Global Ratings) Dec. 2, 2016--S&P Global Ratings assigned its 'AA' long-term rating and stable outlook to New York City's fiscal 2017 series B, subseries B-1, subseries B-2 and subseries B-3 general obligation (GO) bonds. Concurrent with the issuance of these bonds, the city expects to convert from variable-rate to fixed-rates its fiscal 2008 series J, subseries J-7 and J-9 bonds. S&P Global Ratings expects it will also assign its 'AA' long-term rating to those bonds. At the same time, S&P Global Ratings affirmed its ratings on New York City's parity debt outstanding. The outlook is stable. S&P Global Ratings also affirmed its 'AA-' rating on the Dormitory Authority of the State of New York's (DASNY) lease revenue

  
Brief Excerpt:

...NEW YORK (S&P Global Ratings) Dec. 2, 2016--S&P Global Ratings assigned its '##' long-term rating and stable outlook to New York City's fiscal 2017 series B, subseries B-1, subseries B-2 and subseries B-3 general obligation (GO) bonds. Concurrent with the issuance of these bonds, the city expects to convert from variable-rate to fixed-rates its fiscal 2008 series J, subseries J-7 and J-9 bonds. S&P Global Ratings expects it will also assign its '##' long-term rating to those bonds. At the same time, S&P Global Ratings affirmed its ratings on New York City's parity debt outstanding. The outlook is stable. S&P Global Ratings also affirmed its '##-' rating on the Dormitory Authority of the State of New York's (DASNY) lease revenue bonds outstanding based on the city's appropriation pledge. In addition, S&P Global Ratings affirmed its 'A+' rating on the New York City Health & Hospitals Corp.'s (HHC) health system bonds. "The '##' GO rating reflects our view of New York City's strong economy,...

  
Report Type:

Ratings Action

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Global Issuers, Public Finance, Structured Finance
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MLA:
S&P Global Ratings’ Credit Research. "New York City's 2017 Series B, Subseries B-1, B-2, And B-3 General Obligation Bonds Rated 'AA'; Other Ratings Affirmed" Dec 02, 2016. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-s-2017-Series-B-Subseries-B-1-B-2-And-B-3-General-Obligation-Bonds-Rated-AA-Other-Ratings-Affirmed-1767350>
  
APA:
S&P Global Ratings’ Credit Research. (). New York City's 2017 Series B, Subseries B-1, B-2, And B-3 General Obligation Bonds Rated 'AA'; Other Ratings Affirmed Dec 02, 2016. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-s-2017-Series-B-Subseries-B-1-B-2-And-B-3-General-Obligation-Bonds-Rated-AA-Other-Ratings-Affirmed-1767350>
  
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