...CHICAGO (S&P Global Ratings) March 11, 2019--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 GO rating reflects what we view as New York State's: + Strong and diverse economy; + Strong financial management; + Prudent use, in our opinion, of the significant monetary settlements from various financial institutions; + Stable budget and financial trends; and + Well managed and moderately high debt levels. Offsetting factors, in our view, include the divergence of...
