New York City's Fiscal 2018 Series E1-3 General Obligation Bonds Rated 'AA'; Other Ratings Affirmed

NEW YORK (S&P Global Ratings) Feb. 20, 2018--S&P Global Ratings assigned its 'AA' long-term rating to New York City's fiscal 2018 series E bonds (subseries tax-exempt E-1, taxable E-2, and taxable E-3) general obligation (GO) bonds. Concurrent with the issuance of these bonds, the city expects to issue $50 million of tax-exempt fiscal 2018 subseries E-5 multi-modal variable rate bonds, which we will rate at a future date. At the same time, New York City is converting fiscal 2004 subseries A-6, fiscal 2008 J-4, and fiscal 2011 subseries F-3 indexed-rate bonds outstanding into fixed-rate bonds; we are affirming our existing 'AA' long-term general obligation bond ratings on these series. The outlook is stable. At the same time, S&P Global Ratings

...NEW YORK (S&P Global Ratings) Feb. 20, 2018--S&P Global Ratings assigned its '##' long-term rating to New York City's fiscal 2018 series E bonds (subseries tax-exempt E-1, taxable E-2, and taxable E-3) general obligation (GO) bonds. Concurrent with the issuance of these bonds, the city expects to issue $50 million of tax-exempt fiscal 2018 subseries E-5 multi-modal variable rate bonds, which we will rate at a future date. At the same time, New York City is converting fiscal 2004 subseries A-6, fiscal 2008 J-4, and fiscal 2011 subseries F-3 indexed-rate bonds outstanding into fixed-rate bonds; we are affirming our existing '##' long-term general obligation bond ratings on these series. The outlook is stable. At the same time, S&P Global Ratings affirmed its '##' long-term rating on New York City's GO debt outstanding and its '##-' rating on the city's lease revenue bonds. S&P Global Ratings also affirmed its '##-' rating on the Dormitory Authority of the State of New York's and the New York...

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