...March 14, 2025 DALLAS (S&P Global Ratings) March 14, 2025--S&P Global Ratings assigned its '##+' long-term rating to the State of New York's $541 million general obligation (GO) bonds, series 2025A, 2025B, and refunding series 2025C. At the same time, S&P Global Ratings affirmed its '##+' long-term rating on the state's GO bonds outstanding and its '##' 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 reserves as well as its strong institutional framework," said S&P Global Ratings credit analyst Ladunni Okolo. The stable outlook reflects our expectation that New York's financial forecasting and strong budgetary management will help guide actions to make timely adjustments that realign expenditures and revenue over the outlook period, although the rating also...
