Summary: New York City, New York; General Obligation Jun 10

Standard & Poors, June 2010

Abstract
Standard & Poor's Ratings Services assigned its 'AA' long-term rating, and stable outlook, to New York City's general obligation (GO) fiscal 2010 bonds series H and subseries H-1 and H-2. We also affirmed the 'AA' long-term rating, with a stable outlook, on the city's parity GO debt outstanding. In our opinion, credit factors supporting the rating include: New York City's substantial and diverse economic base. After a period of economic retrenchment caused by the national recession, which affected employment, income, and the overall real estate market, economic trends have begun to stabilize. While New York City continues to face significant issues, economic cycles are common for the city. The city's comprehensive financial planning process, which has helped it effectively balance...

Companies mentioned in this report are:
- New York City

Action: Affirmed
Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

- New York City

Customers who bought this item also bought

• The New York State Directory 2013/14 Edition
• The New York State Directory 2011/12 Edition
• Serbia Defence and Security Report 2012
• Venezuela Defence and Security Report 2013
• America's Top-Rated Smaller Cities 2012/13 Edition
• China Defence and Security Report Q4 2010
• IntelliNews - Bosnia and Herzegovina Country Report - Issue 3, 2013
• United Kingdom Defence and Security Report Q1 2012
• United Kingdom Defence and Security Report Q4 2011
• Sudan Defence and Security Report Q3 2010