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New York City's GO Bonds Series G & H Rated 'A'; Fiscal and Economic Recovery Continue Feb 04 Product Image

New York City's GO Bonds Series G & H Rated 'A'; Fiscal and Economic Recovery Continue Feb 04

  • Published: February 2004
  • Region: New York
  • Standard & Poors

Abstract
NEW YORK (Standard & Poor's) Feb. 9, 2004--Standard & Poor's Ratings Services has assigned its 'A' rating to New York City's $950 million general obligation bonds fiscal 2004 series G and H, reflecting the city's continued financial and economic recovery, which is evidenced by a stronger-than-projected revenue forecast for the current fiscal year and out years of the financial plan. The bonds are scheduled to sell on Feb. 10. The outlook is stable. At the same time, the rating agency affirmed its 'A' rating on the city's outstanding $29.7 billion parity debt. The rating also reflects a substantial and diverse economic base, which is on track to recover in-line with national economic trends; a strong real estate market that has...

Companies mentioned in this report are:
- New York City

Action: New Rating
Action: Outlook: Stable

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 READ MORE >

- New York City

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