Research Update: New York City Transitional Finance Authority's $1.49 Billion Fiscal 2025 Series I, J, and K Future Tax Secured Subordinate Bonds Rated 'AAA'; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: New York City Transitional Finance Authority's $1.49 Billion Fiscal 2025 Series I, J, and K Future Tax Secured Subordinate Bonds Rated 'AAA'; Outlook Stable

Research Update: New York City Transitional Finance Authority's $1.49 Billion Fiscal 2025 Series I, J, and K Future Tax Secured Subordinate Bonds Rated 'AAA'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: New York City Transitional Finance Authority's $1.49 Billion Fiscal 2025 Series I, J, and K Future Tax Secured Subordinate Bonds Rated 'AAA'; Outlook Stable
Published May 09, 2025
6 pages (3253 words) — Published May 09, 2025
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AAA' long-term rating to the New York City Transitional Finance Authority 's (TFA) $950 million future tax secured (FTS) subordinate bonds fiscal 2025 series I, consisting of $650 million fiscal 2025 subseries I-1 (tax-exempt) and $300 million fiscal 2025 subseries I-2 (federally taxable). In addition, we assigned our 'AAA' long-term rating to the TFA's FTS subordinate refunding bonds fiscal 2025 series J, consisting of $481.3 million fiscal 2025 subseries J-1 (tax-exempt) and $40.6 million fiscal 2025 subseries J-2 (federally taxable), and the TFA's $20.8 million FTS subordinate refunding bonds fiscal 2025 series K (tax-exempt). The outlook is stable. Personal income tax (PIT) revenue and, if needed, sales and use tax revenue generated within New York

  
Brief Excerpt:

...S&P Global Ratings assigned its '###' long-term rating to the New York City Transitional Finance Authority's (TFA) $950 million future tax secured (FTS) subordinate bonds fiscal 2025 series I, consisting of $650 million fiscal 2025 subseries I-1 (tax-exempt) and $300 million fiscal 2025 subseries I-2 (federally taxable)....

  
Report Type:

Research Update

Issuer
New York City
Sector
Public Finance, Structured Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: New York City Transitional Finance Authority's $1.49 Billion Fiscal 2025 Series I, J, and K Future Tax Secured Subordinate Bonds Rated 'AAA'; Outlook Stable" May 09, 2025. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-New-York-City-Transitional-Finance-Authority-s-1-49-Billion-Fiscal-2025-Series-I-J-and-K-Future-Tax-Secured-Subordinate-Bonds-Rated-AAA-Outlook-Stable-3367085>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: New York City Transitional Finance Authority's $1.49 Billion Fiscal 2025 Series I, J, and K Future Tax Secured Subordinate Bonds Rated 'AAA'; Outlook Stable May 09, 2025. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-New-York-City-Transitional-Finance-Authority-s-1-49-Billion-Fiscal-2025-Series-I-J-and-K-Future-Tax-Secured-Subordinate-Bonds-Rated-AAA-Outlook-Stable-3367085>
  
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