Summary: New York City; General Obligation

S&P Global Ratings assigned its 'AA' long-term rating to New York City's approximately $1.2 billion fiscal 2022 series A general obligation (GO) bonds: Subseries A-1 in the approximate amount of $950 million (tax exempt), and Subseries A-2 in the approximately amount of $250 million (taxable) At the same time, S&P Global Ratings assigned its 'AA' long-term rating to the city's approximately $89.3 million fiscal 2022 series 1. The outlook is stable. New York City's faith and credit, including its obligation to levy and collect ad valorem taxes without limitation as to rate or amount, secures the fiscal 2022 series A and fiscal 2022 series 1 bonds. Proceeds from the fiscal 2022 series A bonds will fund various capital expenditures. On

...S&P Global Ratings assigned its '##' long-term rating to New York City's approximately $1.2 billion fiscal 2022 series A general obligation (GO) bonds: + Subseries A-1 in the approximate amount of $950 million (tax exempt), and + Subseries A-2 in the approximately amount of $250 million (taxable) At the same time, S&P Global Ratings assigned its '##' long-term rating to the city's approximately $89.3 million fiscal 2022 series 1. The outlook is stable. New York City's faith and credit, including its obligation to levy and collect ad valorem taxes without limitation as to rate or amount, secures the fiscal 2022 series A and fiscal 2022 series 1 bonds. Proceeds from the fiscal 2022 series A bonds will fund various capital expenditures. On Aug. 26, 2021, the conversion date, the fiscal 2006F, subseries F-3 and subseries F-4A GO adjustable-rate bonds will be converted to fixed rate and redesignated as the fiscal 2022 series 1 bonds. On the conversion date, the bonds will be subject to mandatory...

Summary