New York City's Various Series Of GO Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research

New York City's Various Series Of GO Bonds Assigned 'AA' Rating

New York City's Various Series Of GO Bonds Assigned 'AA' Rating - S&P Global Ratings’ Credit Research
New York City's Various Series Of GO Bonds Assigned 'AA' Rating
Published Oct 02, 2020
2 pages (1180 words) — Published Oct 02, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (S&P Global Ratings) Oct. 2, 2020--S&P Global Ratings assigned its 'AA' long-term rating to New York City's $900 million general obligation (GO) fiscal 2021 series C. At the same time, we assigned our 'AA' long-term rating to each of the series below, which are GO variable-rate bonds that will be reoffered in fixed rate mode on the Oct. 15, 2020 conversation date, in the aggregate amount of $219.5 million: Fiscal 2006 series I, subseries I-A (approximately $79.4 million, previously subseries 2006I-3 and 2006I-7) Fiscal 2008 series J, subseries J-5 (approximately $25.2 million) Fiscal 2008 series J, subseries J-6 (approximately $41.1 million) Fiscal 2008 series J, subseries J-10 (approximately $54.1 million) Fiscal 2012 series A, subseries A-3 (approximately $19.7

  
Brief Excerpt:

...October 2, 2020 NEW YORK (S&P Global Ratings) Oct. 2, 2020--S&P Global Ratings assigned its '##' long-term rating to New York City's $900 million general obligation (GO) fiscal 2021 series C. At the same time, we assigned our '##' long-term rating to each of the series below, which are GO variable-rate bonds that will be reoffered in fixed rate mode on the Oct. 15, 2020 conversation date, in the aggregate amount of $219.5 million: - Fiscal 2006 series I, subseries I-A (approximately $79.4 million, previously subseries 2006I-3 and 2006I-7) - Fiscal 2008 series J, subseries J-5 (approximately $25.2 million) - Fiscal 2008 series J, subseries J-6 (approximately $41.1 million) - Fiscal 2008 series J, subseries J-10 (approximately $54.1 million) - Fiscal 2012 series A, subseries A-3 (approximately $19.7 million) The outlook is stable. Fiscal 2021 series C bond proceeds will fund the city's capital expenditures. The stable outlook reflects our opinion of the city's strong credit fundamentals,...

  
Report Type:

Ratings Action

Issuer
New York City
Sector
Public Finance, Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "New York City's Various Series Of GO Bonds Assigned 'AA' Rating" Oct 02, 2020. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-s-Various-Series-Of-GO-Bonds-Assigned-AA-Rating-2526598>
  
APA:
S&P Global Ratings’ Credit Research. (). New York City's Various Series Of GO Bonds Assigned 'AA' Rating Oct 02, 2020. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-City-s-Various-Series-Of-GO-Bonds-Assigned-AA-Rating-2526598>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.