BOSTON (Standard&Poor's) May 21, 2012--Standard&Poor's Ratings Services assigned its 'AA' rating and stable outlook to New York City's $50 million series 2012H, $750 million series 2012I, and $13.2 million series 2012J general obligation refunding bonds. At the same time, Standard&Poor's affirmed its 'AA' rating, with a stable outlook, on the city's parity debt. "We believe New York City's financial plan will likely continue to face certain risks, including intergovernmental aid reductions. It, however, is also our opinion that the city's strong long-term focused planning and proactive budget management practices somewhat mitigate these risks," said Standard&Poor's credit analyst Karl Jacob. "Furthermore, we believe that New York City's management skills provided it with the
