NEW YORK (Standard&Poor's) March 21, 2014--Standard&Poor's Ratings Services assigned its 'AA' long-term rating to New York City's series 2014I-3 index-rate general obligation (GO) bonds. At the same time, Standard&Poor's affirmed its 'AA' long-term rating on the city's GO debt. The outlook is stable. The 'AA' rating reflects Standard&Poor's view of New York City's: Strong economy, Adequate budgetary flexibility, Adequate budgetary performance, Very strong liquidity, Very strong management conditions, Very weak debt and contingent liabilities profile, and Very strong institutional framework. "The stable outlook reflects what we view as New York City's deep and diverse economy and status as the nation's largest employment center. Strong and tested financial management policies and practices further
