...S&P Global Ratings assigned its '##+' rating and stable outlook to New York State's general obligation (GO) series 2019A tax-exempt bonds (approximately $116 million). At the same time, S&P Global Ratings affirmed its '##+' rating on the state's GO debt outstanding and its '##' rating on the state's appropriation debt. The outlook is stable. In addition, S&P Global Ratings affirmed its '###/A-1+' and '##+/A-1+' joint support ratings and its '##/A-1' dual ratings on issuances where the short-term ratings are based on the liquidity support from various financial institutions. The 2019A bonds are general obligation of New York State and the full faith and credit of the state is pledged to the bonds' payment. Bond proceeds will finance capital expenditures for Rebuild and Renew New York Transportation, Smart Schools, Environmental Quality 1986, Clean Water/Clean Air, and Environmental Quality 1972 Bonds purposes. The GO rating reflects what we view as New York State's: + Strong and diverse...
