KBRA Assigns AA+ Rating, Stable Outlook, to the City of New York's General Obligation Bonds
KBRA assigns long-term ratings of AA+ with a Stable Outlook to The City of New York's General Obligation Bonds - Fiscal 2024 Series D, Series E, Series F, and General Obligation Bonds - Fiscal 2006 Series I, Subseries I-4 and Fiscal 2006 Series I, Subseries I-5.
- KBRA assigns long-term ratings of AA+ with a Stable Outlook to The City of New York's General Obligation Bonds - Fiscal 2024 Series D, Series E, Series F, and General Obligation Bonds - Fiscal 2006 Series I, Subseries I-4 and Fiscal 2006 Series I, Subseries I-5.
- Concurrently, KBRA affirms the AA+ rating and Stable Outlook on the City's outstanding General Obligation Bonds.
- Economic base remains susceptible to financial services sector cycles, although reliance has moderated with increasing diversification.
- Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com .