NEW YORK (Standard&Poor's CreditWire) Dec. 20, 2000-- Standard&Poor's today assigned its single-'A' rating to New York City's $315 million GO bonds fiscal 2001 series D-F due Aug. 1, 2019. The outlook is stable. In addition, Standard&Poor's affirmed its single-'A' rating on the city's $25.7 billion GO bonds. The rating reflects: -- A substantial and diverse economic base that has experienced growth across each of the city's five boroughs and nearly all sectors; -- Strong financial operating results in recent years; -- Continued long-term financial planning, which remains a solid financial management strength and affords the city flexibility to manage its operating budget through economic cycles; and -- Strong statutory provisions that require balanced budgets
