S&P Global Ratings affirmed its 'BBB' rating on Young Men's Christian Assn. (YMCA) of Greater New York's outstanding general obligation (GO) bonds. The outlook is stable. YMCA's fiscal year ends in December, and therefore we do not currently have fiscal 2023 audited financials available and are using fiscal 2022 for the basis of our analysis. As of fiscal 2022, YMCA's total debt was approximately $144.6 million, comprising $139.8 million of bonds and operating and finance leases totaling $4.8 million. All bonds are an unsecured GO of the YMCA. We note the series 2021 bonds have a total debt service payment of about $62 million in fiscal 2026, which we have smoothed given our belief in YMCA's market access as well
