Standard&Poor's Ratings Services confirmed its ratings on New York City's series 2008 J-6 general obligation (GO) bonds due to the bank facility being extended to Dec. 14, 2020. The long-term rating is jointly based on the rating of the obligor, New York City, and the letter of credit provider, Landesbank Hessen-Thüringen Girozentrale, assuming low correlation. The short-term component of the rating is based solely on the letter of credit provider, Landesbank Hessen-Thüringen Girozentrale. Criteria: Methodology And Assumptions: Approach To Evaluating Letter Of Credit-Supported Debt, Feb. 20, 2015 USPF Criteria: Municipal Applications For Joint Support Criteria, June 25, 2007 Criteria: Joint Support Criteria Update, April 22, 2009
