We have updated this article, originally published on April 7, 2026, to reflect adjusted par amounts and maturity dates for the 2026 series H bonds, which has been split into two issues, prospectively. S&P Global Ratings assigned its 'AA' long-term rating to New York City 's $2.25 billion fiscal 2026 series H, subseries H-1 taxable general obligation (GO) bonds and $50 million fiscal 2026 series H, subseries H-6 taxable GO bonds. The outlook is stable. New York City's faith and credit, including the city?s obligation to levy and collect ad valorem taxes without limitation as to rate or amount, secures the subseries H-1 and H-6 bonds. Bond proceeds will be used to fund citywide capital expenditures and for the payment
