New York City's 2019 Subseries D-4 General Obligation Bonds Assigned 'AA/A-1' Rating - S&P Global Ratings’ Credit Research

New York City's 2019 Subseries D-4 General Obligation Bonds Assigned 'AA/A-1' Rating

New York City's 2019 Subseries D-4 General Obligation Bonds Assigned 'AA/A-1' Rating - S&P Global Ratings’ Credit Research
New York City's 2019 Subseries D-4 General Obligation Bonds Assigned 'AA/A-1' Rating
Published Dec 11, 2018
3 pages (1215 words) — Published Dec 11, 2018
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Abstract:

NEW YORK (S&P Global Ratings) Dec. 11, 2018--S&P Global Ratings assigned its 'AA/A-1' rating to New York City's $150,000,000 general obligation (GO) bonds, fiscal 2019 series D, subseries D-4. The long-term component of the rating is based on the GO pledge of New York City and the short-term portion of the rating on the liquidity facility in the form of the standby bond purchase agreement (SBPA), provided by Barclays Bank PLC. The outlook on the long-term rating is stable. (For more information on New York City's GO rating, please see the analysis published Nov. 26, 2018, on RatingsDirect.) The 'A-1' short-term component of the rating reflects the short-term rating on Barclays Bank PLC (A-1), which is providing an enhancement for

  
Brief Excerpt:

STANDARD & POOR'S, S&P and RATINGSDIRECT are registered trademarks of Standard & Poor's Financial Services LLC. S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or...

  
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MLA:
S&P Global Ratings’ Credit Research. "New York City's 2019 Subseries D-4 General Obligation Bonds Assigned 'AA/A-1' Rating" Dec 11, 2018. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-s-2019-Subseries-D-4-General-Obligation-Bonds-Assigned-AA-A-1-Rating-2142568>
  
APA:
S&P Global Ratings’ Credit Research. (). New York City's 2019 Subseries D-4 General Obligation Bonds Assigned 'AA/A-1' Rating Dec 11, 2018. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-s-2019-Subseries-D-4-General-Obligation-Bonds-Assigned-AA-A-1-Rating-2142568>
  
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