State of New York; Appropriations; General Obligation; Non-School State Programs - S&P Global Ratings’ Credit Research

State of New York; Appropriations; General Obligation; Non-School State Programs

State of New York; Appropriations; General Obligation; Non-School State Programs - S&P Global Ratings’ Credit Research
State of New York; Appropriations; General Obligation; Non-School State Programs
Published Sep 20, 2024
13 pages (5906 words) — Published Sep 20, 2024
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings affirmed its 'AA+' long-term rating on the State of New York's general obligation (GO) bonds based on the application of its "Methodology For Rating U.S. Governments," published Sept. 9, 2024. At the same time, S&P Global Ratings affirmed its 'AA' rating on the state's various appropriation-backed obligations. The outlook is stable. The GO bonds are secured by the state's full faith and credit. Our rating reflects our opinion of New York's strong credit fundamentals, underpinned by its very proactive financial management, reflected by its commitment to structural balance and very strong reserve levels as well as its strong institutional framework. While its economy is currently one of the strongest among states, it faces long-term headwinds due to

  
Brief Excerpt:

...+ S&P Global Ratings affirmed its '##+' long-term rating on the State of New York's general obligation (GO) bonds based on the application of its "Methodology For Rating U.S. Governments," published Sept. 9, 2024. + At the same time, S&P Global Ratings affirmed its '##' rating on the state's various appropriation-backed obligations. + The outlook is stable....

  
Report Type:

Full Report

Issuer
State of New York
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "State of New York; Appropriations; General Obligation; Non-School State Programs" Sep 20, 2024. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/State-of-New-York-Appropriations-General-Obligation-Non-School-State-Programs-3254092>
  
APA:
S&P Global Ratings’ Credit Research. (). State of New York; Appropriations; General Obligation; Non-School State Programs Sep 20, 2024. New York, NY: Alacra Store. Retrieved May 09, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/State-of-New-York-Appropriations-General-Obligation-Non-School-State-Programs-3254092>
  
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