NEW YORK (Standard&Poor's) Nov. 9, 2007--Standard&Poor's Ratings Services assigned its 'AA' rating, and stable outlook, to New York City's $725 million fiscal 2008 series D subseries D-1 and D-2 GO bonds. At the same time, Standard&Poor's affirmed its 'AA' rating and underlying rating (SPUR), with a stable outlook, on the city's GO parity debt. Standard&Poor's raised its rating on New York City's GO bonds one notch to 'AA' from 'AA-' on June 5 based on the city's strong economic and revenue performance, along with its continued dedication of surplus revenue to manage future budget pressures and reduce long-term liabilities. Standard&Poor's also factored the city's long track record of strong and
