Summary: New York State; Appropriations; General Obligation; Joint Criteria

S&P Global Ratings assigned its 'AA+' rating and stable outlook to New York State's general obligation (GO) series 2018A tax exempt bonds (approximately $167 million), series 2018B taxable GO bonds (about $37 million), and 2018C tax-exempt refunding bonds (roughly $11.4 million). At the same time, S&P Global Ratings affirmed its 'AA+' rating on the state's GO debt outstanding and its 'AA' rating on the state's appropriation debt. The outlook on all ratings is stable. In addition, S&P Global Ratings affirmed its 'AAA/A-1+' and 'AA+/A-1+' joint support ratings and its 'AA/A-1' dual ratings on various issuances where the short-term ratings are based on the liquidity support provided by various financial institutions. The series 2018 A, B, and C bonds are general

...S&P Global Ratings assigned its '##+' rating and stable outlook to New York State's general obligation (GO) series 2018A tax exempt bonds (approximately $167 million), series 2018B taxable GO bonds (about $37 million), and 2018C tax-exempt refunding bonds (roughly $11.4 million). At the same time, S&P Global Ratings affirmed its '##+' rating on the state's GO debt outstanding and its '##' rating on the state's appropriation debt. The outlook on all ratings is stable. In addition, S&P Global Ratings affirmed its '###/A-1+' and '##+/A-1+' joint support ratings and its '##/A-1' dual ratings on various issuances where the short-term ratings are based on the liquidity support provided by various financial institutions. The series 2018 A, B, and C bonds are general obligation of New York State and the full faith and credit of the state is pledged to the payment of the bonds. The proceeds of the series 2018A bonds will refund a portion of certain bonds outstanding and be used for various transportation,...

Summary