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

S&P Global Ratings assigned its 'AA' long-term rating to New York City's approximately $980 million fiscal 2020 series B general obligation (GO) bonds, consisting of approximately $850 million tax-exempt fiscal 2020 series B-1 and $130 million taxable series B-2. We also affirmed our 'AA' underlying rating on all of the city's GO debt outstanding and our 'AA-' underlying rating on the city's appropriation debt outstanding, excluding the Hudson Yards Infrastructure Corp.'s (HYIC) second indenture bonds, which we rate 'A+'. We affirmed our 'A+' underlying rating on the city's moral obligation debt outstanding. 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, as well as

...S&P Global Ratings assigned its '##' long-term rating to New York City's approximately $980 million fiscal 2020 series B general obligation (GO) bonds, consisting of approximately $850 million tax-exempt fiscal 2020 series B-1 and $130 million taxable series B-2. We also affirmed our '##' underlying rating on all of the city's GO debt outstanding and our '##-' underlying rating on the city's appropriation debt outstanding, excluding the Hudson Yards Infrastructure Corp.'s (HYIC) second indenture bonds, which we rate 'A+'. We affirmed our 'A+' underlying rating on the city's moral obligation debt outstanding. 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, as well as its long-term ratings that are based on joint support. The outlook on all ratings is stable....

Summary