State of New York GO Bond Rating Affirmed At 'AA+'; Outlook Is Stable - S&P Global Ratings’ Credit Research

State of New York GO Bond Rating Affirmed At 'AA+'; Outlook Is Stable

State of New York GO Bond Rating Affirmed At 'AA+'; Outlook Is Stable - S&P Global Ratings’ Credit Research
State of New York GO Bond Rating Affirmed At 'AA+'; Outlook Is Stable
Published Sep 20, 2024
3 pages (1306 words) — Published Sep 20, 2024
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Abstract:

DALLAS (S&P Global Ratings) Sept. 20, 2024--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 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," said S&P Global Ratings credit analyst Ladunni Okolo. While its economy is currently one of the strongest among states, it faces long-term headwinds

  
Brief Excerpt:

...Certain terms used in this report, particularly certain adjectives used to express our view on rating relevant factors, have specific meanings ascribed to them in our criteria, and should therefore be read in conjunction with such...

  
Report Type:

Ratings Action

Issuer
State of New York
Sector
Public Finance
Country
United States
Region
United States
Format:
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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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MLA:
S&P Global Ratings’ Credit Research. "State of New York GO Bond Rating Affirmed At 'AA+'; Outlook Is Stable" Sep 20, 2024. Alacra Store. May 09, 2025. <http://www.alacrastore.com/s-and-p-credit-research/State-of-New-York-GO-Bond-Rating-Affirmed-At-AA-Outlook-Is-Stable-3254028>
  
APA:
S&P Global Ratings’ Credit Research. (). State of New York GO Bond Rating Affirmed At 'AA+'; Outlook Is Stable 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-GO-Bond-Rating-Affirmed-At-AA-Outlook-Is-Stable-3254028>
  
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