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 $1.2 billion fiscal 2024 series C general obligation (GO) bonds. At the same time, we assigned our 'AA' long-term rating to each of the following series, which are GO auction or adjustable-rate bonds that will be reoffered in fixed-rate mode on March 7, 2024, the conversion date: $36.920 million, fiscal 2008 series A-4 GO bonds (auction rate); $93.980 million, fiscal 2008 series C-4 GO bonds (auction rate); $94.195 million, fiscal 2009 series B-3 GO bonds (adjustable rate); and upon conversion, the fiscal 2006 series J-2 and fiscal 2006 series J-3 will be redesignated as $84.810 million fiscal 2006 series J-A bonds. At the same time, we affirmed

...+ S&P Global Ratings assigned its '##' long-term rating to New York City's approximately $1.2 billion fiscal 2024 series C general obligation (GO) bonds. + At the same time, we assigned our '##' long-term rating to each of the following series, which are GO auction or adjustable-rate bonds that will be reoffered in fixed-rate mode on March 7, 2024, the conversion date: $36.920 million, fiscal 2008 series A-4 GO bonds (auction rate); $93.980 million, fiscal 2008 series C-4 GO bonds (auction rate); $94.195 million, fiscal 2009 series B-3 GO bonds (adjustable rate); and upon conversion, the fiscal 2006 series J-2 and fiscal 2006 series J-3 will be redesignated as $84.810 million fiscal 2006 series J-A bonds. + At the same time, we affirmed our '##' long-term rating on the city's GO debt and the Hudson Yards Infrastructure Corp.'s revenue bonds outstanding; our '##-' underlying rating (SPUR) on the city's appropriation debt outstanding, and our 'A+' SPUR on the city's moral obligation debt...

Summary