Research Update: Young Men's Christian Association of Greater New York GO Bond Rating Outlook Revised To Positive On Improved Demand - S&P Global Ratings’ Credit Research

Research Update: Young Men's Christian Association of Greater New York GO Bond Rating Outlook Revised To Positive On Improved Demand

Research Update: Young Men's Christian Association of Greater New York GO Bond Rating Outlook Revised To Positive On Improved Demand - S&P Global Ratings’ Credit Research
Research Update: Young Men's Christian Association of Greater New York GO Bond Rating Outlook Revised To Positive On Improved Demand
Published Jul 07, 2025
7 pages (3603 words) — Published Jul 07, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings revised its outlook to positive from stable and affirmed its 'BBB' rating on Young Men's Christian Association (YMCA) of Greater New York 's general obligation (GO) bonds. The outlook revision reflects our view of YMCA?s growing membership, a solid total cash and investment base, and a credible plan to address a large portion of a bullet maturity coming due in 2026. As of fiscal 2024, YMCA's total debt was approximately $142.4 million, comprising $135.6 million of bonds and operating and finance leases totaling about $6.7 million. All bonds are an unsecured GO of the YMCA. We note the series 2021 bonds have a total debt service payment of about $62 million in fiscal 2026, which we have

  
Brief Excerpt:

...S&P Global Ratings revised its outlook to positive from stable and affirmed its '###' rating on Young Men's Christian Association (YMCA) of Greater New York's general obligation (GO) bonds....

  
Report Type:

Research Update

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Research Update: Young Men's Christian Association of Greater New York GO Bond Rating Outlook Revised To Positive On Improved Demand" Jul 07, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Young-Men-s-Christian-Association-of-Greater-New-York-GO-Bond-Rating-Outlook-Revised-To-Positive-On-Improved-Demand-3401112>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Young Men's Christian Association of Greater New York GO Bond Rating Outlook Revised To Positive On Improved Demand Jul 07, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Young-Men-s-Christian-Association-of-Greater-New-York-GO-Bond-Rating-Outlook-Revised-To-Positive-On-Improved-Demand-3401112>
  
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