S&P Global Ratings assigned its 'AA' long-term rating to New York City's approximately $1.61 billion fiscal 2023 series F, G, and 1 general obligation (GO) bonds, consisting of tax-exempt subseries F-1 ($1.15 billion), taxable subseries F-2 ($153.6 million), tax-exempt series G ($50.0 million), and tax-exempt series 1 ($265.5 million). The outlook is stable. As of March 31, 2023, the city had about $39.1 billion of GO debt outstanding. 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 2023 series F, G, and series 1 bonds. The city will use series F and G transaction proceeds to refund GO bonds outstanding. The city will
