Summary: New York City; Appropriations; General Obligation; Joint Criteria; Liquidity Facility; Moral Obligation

S&P Global Ratings assigned its 'AA' long-term rating to New York City's approximately $871 million of general obligation (GO) bonds, composed of approximately $660 million tax-exempt fiscal 2019 series A, approximately $110 million tax-exempt series B, and about $60 million taxable series C GO bonds as well as approximately $41 million fiscal 1994 series H, subseries H-3 GO bonds, which are being converted from adjustable rate to a fixed rate mode. At the same time, S&P Global Ratings affirmed its 'AA' long-term ratings on all series of the city's GO debt outstanding, its 'AA-' rating on all of the city's appropriation debt outstanding, and its 'A+' rating on the city's moral obligation debt outstanding and Liberty Development Corporation bonds. Finally,

...S&P Global Ratings assigned its '##' long-term rating to New York City's approximately $871 million of general obligation (GO) bonds, composed of approximately $660 million tax-exempt fiscal 2019 series A, approximately $110 million tax-exempt series B, and about $60 million taxable series C GO bonds as well as approximately $41 million fiscal 1994 series H, subseries H-3 GO bonds, which are being converted from adjustable rate to a fixed rate mode. At the same time, S&P Global Ratings affirmed its '##' long-term ratings on all series of the city's GO debt outstanding, its '##-' rating on all of the city's appropriation debt outstanding, and its 'A+' rating on the city's moral obligation debt outstanding and Liberty Development Corporation bonds. Finally, S&P Global Ratings affirmed its ratings on various issuances where the short-term ratings are based on the liquidity support provided by various financial institutions. The outlook on all ratings is stable. Our affirmation of the GO rating...

Summary