New York City's $300 Million Fiscal 2022 Series D GO Bonds Assigned 'AA/A-1+' Rating

NEW YORK (S&P Global Ratings) May 23, 2022--S&P Global Ratings assigned its 'AA/A-1+' dual rating to New York City's $300 million fiscal 2022 series D, subseries D-3 ($200 million) and D-4 ($100 million), general obligation (GO) adjustable-rate bonds. The outlook is stable. Following these transactions (and in conjunction with the subseries D-1 and subseries D-2 issued concurrently), the city will have about $39 billion of GO debt outstanding. The long-term component of the ratings reflects our GO rating on New York City. The short-term component of the ratings reflects our assessment of the standby bond purchase agreement provided by State Street Bank and Trust Co. The outlook reflects that on the New York City GO rating.

...May 23, 2022 NEW YORK (S&P Global Ratings) May 23, 2022--S&P Global Ratings assigned its '##/A-1+' dual rating to New York City's $300 million fiscal 2022 series D, subseries D-3 ($200 million) and D-4 ($100 million), general obligation (GO) adjustable-rate bonds. The outlook is stable. Following these transactions (and in conjunction with the subseries D-1 and subseries D-2 issued concurrently), the city will have about $39 billion of GO debt outstanding. The long-term component of the ratings reflects our GO rating on New York City. The short-term component of the ratings reflects our assessment of the standby bond purchase agreement provided by State Street Bank and Trust Co. The outlook reflects that on the New York City GO rating....

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