New York State; Appropriations; General Obligation; Joint Criteria - S&P Global Ratings’ Credit Research

New York State; Appropriations; General Obligation; Joint Criteria

New York State; Appropriations; General Obligation; Joint Criteria - S&P Global Ratings’ Credit Research
New York State; Appropriations; General Obligation; Joint Criteria
Published Oct 24, 2019
12 pages (5606 words) — Published Oct 24, 2019
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings assigned its 'AA+' rating to New York State's general obligation (GO) series 2019B taxable refunding bonds (approximately $915.8 million). At the same time, S&P Global Ratings affirmed its 'AA+' rating on the state's GO debt outstanding and its 'AA' rating on the state's appropriation-backed debt. The outlook is stable. In addition, S&P Global Ratings affirmed its 'AAA/A-1+' and 'AA+/A-1+' joint-support ratings and its 'AA/A-1' dual ratings on issuances where the short-term ratings are based on the liquidity support from various financial institutions. The 2019B bonds are a GO of New York State and the full faith and credit of the state is pledged to the bonds' payment. The bonds are being issued to provide funds to refund

  
Brief Excerpt:

...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, S&P Global Ratings affirmed its '##+' rating on the state's GO debt outstanding and its '##' rating on the state's appropriation-backed 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 2019B bonds are a GO of New York State and the full faith and credit of the state is pledged to the bonds' payment. The bonds are being issued to provide funds to refund certain outstanding GO bonds....

  
Report Type:

Full Report

Issuer
State of New York
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "New York State; Appropriations; General Obligation; Joint Criteria" Oct 24, 2019. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/New-York-State-Appropriations-General-Obligation-Joint-Criteria-2326407>
  
APA:
S&P Global Ratings’ Credit Research. (). New York State; Appropriations; General Obligation; Joint Criteria Oct 24, 2019. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/New-York-State-Appropriations-General-Obligation-Joint-Criteria-2326407>
  
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