Staying Informed

Fitch Rates New York City, NY's GOs 'AA'; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA' rating to the following New York City general obligation (GO) bonds: --Approximately $700 million fiscal 2014 series G and H. In addition, Fitch affirms the 'AA' rating for the city's approximately $40.8 billion in outstanding GO bonds. The Rating Outlook is Stable. The bonds are expected to be priced via negotiation on Dec. 10. Proceeds ...
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