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

S&P Global Ratings assigned its 'AA' long-term rating to New York City (NYC)'s $820 million fiscal 2025 general obligation (GO) bonds, taxable social bonds, subseries D-1, and its $680 million taxable GO bonds, subseries D-2, based on the application of its "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. At the same time, we affirmed our 'AA' long-term rating on the city's GO debt and the Hudson Yards Infrastructure Corp.'s revenue bonds outstanding, our 'AA-' underlying rating (SPUR) on the city's appropriation debt outstanding, and our 'A+' SPUR on the city's moral obligation debt outstanding. Finally, we affirmed our ratings on various issuances where the short-term components are based on the liquidity support provided by various financial

...+ S&P Global Ratings assigned its '##' long-term rating to New York City (NYC)'s $820 million fiscal 2025 general obligation (GO) bonds, taxable social bonds, subseries D-1, and its $680 million taxable GO bonds, subseries D-2, based on the application of its "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. + 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 outstanding. + Finally, we affirmed our ratings on various issuances where the short-term components are based on the liquidity support provided by various financial institutions, and where the long-term components are based on joint support. + The outlook, where applicable, is stable....

Summary