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Fitch Rates New York City's $790MM GOs 'AA-'; Outlook Stable

04-Sep-2008
Story Timeline:  92 days

Fitch Ratings has assigned an 'AA-' rating to New York City, NY's (the city) $790 million general obligation (GO) bonds fiscal 2009 series B, consisting of the following: --$700 million subseries B-1 tax-exempt bonds; --$90 million subseries B-2 taxable bonds. The tax-exempt bonds are scheduled to be sold next week through negotiation. The taxable bonds are scheduled to be sold Sept. 10 through competitive... [read full story]                    

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