New York City's $3.25 Billion Fiscal 2026 Series D and E GO Bonds Rated 'AA'; Outlook Is Stable - S&P Global Ratings’ Credit Research

New York City's $3.25 Billion Fiscal 2026 Series D and E GO Bonds Rated 'AA'; Outlook Is Stable

New York City's $3.25 Billion Fiscal 2026 Series D and E GO Bonds Rated 'AA'; Outlook Is Stable - S&P Global Ratings’ Credit Research
New York City's $3.25 Billion Fiscal 2026 Series D and E GO Bonds Rated 'AA'; Outlook Is Stable
Published Oct 03, 2025
3 pages (1659 words) — Published Oct 03, 2025
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA' long-term rating to New York City 's $1.5 billion fiscal 2026 series D (tax-exempt) general obligation (GO) bonds, $1.29 billion fiscal 2026 subseries E-1 (federally taxable) GO bonds, and $460 million fiscal 2026 subseries E-2 (federally taxable) GO social bonds. The outlook is stable. NEW YORK (S&P Global Ratings) Oct. 3, 2025--S&P Global Ratings today took the rating action above. New York City benefits from a governance structure under the Financial Emergency Act that requires maintenance of a balanced budget, and from strong planning practices that mitigate risk and ensure that the financial plan addresses out-year budget gaps. In addition, the city established a formal "rainy day" reserve in fiscal 2021, bolstering our view

  
Brief Excerpt:

...S&P Global Ratings assigned its '##' long-term rating to New York City's $1.5 billion fiscal 2026 series D (tax-exempt) general obligation (GO) bonds, $1.29 billion fiscal 2026 subseries E-1 (federally taxable) GO bonds, and $460 million fiscal 2026 subseries E-2 (federally taxable) GO social bonds....

  
Report Type:

Ratings Action

Issuer
New York City
Sector
Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "New York City's $3.25 Billion Fiscal 2026 Series D and E GO Bonds Rated 'AA'; Outlook Is Stable" Oct 03, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-s-3-25-Billion-Fiscal-2026-Series-D-and-E-GO-Bonds-Rated-AA-Outlook-Is-Stable-3452831>
  
APA:
S&P Global Ratings’ Credit Research. (). New York City's $3.25 Billion Fiscal 2026 Series D and E GO Bonds Rated 'AA'; Outlook Is Stable Oct 03, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-s-3-25-Billion-Fiscal-2026-Series-D-and-E-GO-Bonds-Rated-AA-Outlook-Is-Stable-3452831>
  
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