NY -- Standard&Poor's CreditWire 12/8/97 -- Standard&Poor's today assigned its triple-'B'-plus rating to New York City's following debt: -- $890.62 million G.O. bonds fiscal 1998 series G, -- $109.39 million G.O. bonds fiscal 1998 series E, -- $22.52 million G.O. taxable bonds fiscal 1998 series E, and -- $85.24 million G.O. taxable global facilities bonds fiscal 1998 series F. At the same time, Standard&Poor's affirmed its triple-'B'-plus rating on New York City's outstanding $25 billion bonds. The rating on New York City's general obligation bonds reflects: -- A diverse broad based economy, that has grown more slowly than the nation as a whole; -- High and growing debt levels; -- Strong financial control systems
