...S&P Global Ratings assigned its '##' long-term rating to New York City's $900 million general obligation (GO) fiscal 2021 series C. At the same time, we assigned our '##' long-term rating to each of the series below, which are GO variable-rate bonds that will be reoffered in fixed rate mode on the Oct. 15, 2020, conversation date, in the aggregate amount of $219.5 million: + Fiscal 2006 series I, subseries I-A (approximately $79.4 million, previously subseries 2006I-3 and 2006I-7) + Fiscal 2008 series J, subseries J-5 (approximately $25.2 million) + Fiscal 2008 series J, subseries J-6 (approximately $41.1 million) + Fiscal 2008 series J, subseries J-10 (approximately $54.1 million) + Fiscal 2012 series A, subseries A-3 (approximately $19.7 million) The outlook is stable. Securing the GO obligations is New York City's faith and credit, including its obligation to levy and collect ad valorem taxes without limitation as to rate or amount. Fiscal 2021 series C bond proceeds will fund the city's...
