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Summary: New York City; Public Finance Structured, Joint Criteria; Public Finance Structured, Letter of Credit

Published Mar 10, 2003

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Abstract:

The long-term ratings on New York City's adjustable-rate GO bonds fiscal series 1994A-9, 1994C, 1994E; subseries E-5, 1994E-2, fiscal series 1995F; subseries F-6 and F-3, and fiscal series 1996J; subseries J-3 are based on the joint support of New York City ('A') and an LOC provided by JP Morgan Chase Bank (AA-/Negative/A-1+). The long-term ratings have been lowered to 'AA+/A-1+' from 'AAA/A-1+' due to the downgrade of JPMorgan Chase Bank. The short-term rating is based solely on the LOC provided by JP Morgan Chase Bank. The LOC is scheduled to expire on May 10, 2005.

Report Type:

Summary

Issuer

New York City

Sector

Global Issuers, Public Finance, Structured Finance

Country

United States

Region

United States

Format:

PDF

Summary: New York City; Appropriation, Appropriation – 2003/03/20 – US$ 225.00

New York City's Rating Outlook Revised to Stable Following Recent Funding Package With State – 2003/05/27 – US$ 150.00

New York City; Tax Secured, General Obligation – 2003/05/28 – US$ 500.00

Summary: New York City; Tax Secured, General Obligation – 2003/05/28 – US$ 225.00

New York City; Tax Secured, General Obligation – 2003/07/01 – US$ 500.00

New York City; Tax Secured, General Obligation – 2003/02/25 – US$ 500.00

Summary: New York City; Tax Secured, General Obligation – 2003/02/25 – US$ 225.00

New York City; Tax Secured, General Obligation – 2003/01/09 – US$ 500.00

Summary: New York City; Tax Secured, General Obligation – 2003/01/09 – US$ 225.00

New York City's $650 Million GO Bonds Fiscal 2003 Series F Rated 'A'; Outlook Negative – 2003/01/08 – US$ 150.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:	S&P Global Ratings’ Credit Research. "Summary: New York City; Public Finance Structured, Joint Criteria; Public Finance Structured, Letter of Credit" Mar 10, 2003. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-York-City-Public-Finance-Structured-Joint-Criteria-Public-Finance-Structured-Letter-of-Credit-301895>

APA:	S&P Global Ratings’ Credit Research. (). Summary: New York City; Public Finance Structured, Joint Criteria; Public Finance Structured, Letter of Credit Mar 10, 2003. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-New-York-City-Public-Finance-Structured-Joint-Criteria-Public-Finance-Structured-Letter-of-Credit-301895>

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