...October 24, 2019 NEW YORK (S&P Global Ratings) Oct. 24, 2019--S&P Global Ratings assigned its '##+' rating to New York State's general obligation (GO) series 2019B taxable refunding bonds (approximately $915.8 million). At the same time, we affirmed our '##+' rating on the state's GO debt outstanding and its '##' rating on the state's appropriation-backed debt. The outlook is stable. In addition, we affirmed our '###/A-1+' and '##+/A-1+' joint-support ratings and our '##/A-1' dual ratings on issuances where the short-term ratings are based on the liquidity support from various financial institutions. "Overall, New York continues to exhibit very strong credit quality and its first-quarter performance has been strong with overall receipts exceeding disbursements, with the general fund's closing balance at the end of June 2019 at $6.6 billion, or $1.3 billion higher due to lower spending ($1.0 billion) and higher receipts ($323 million)," said S&P Global Ratings credit analyst Timothy Little....
