The Daily Gazette
The Locally Owned Voice of the Capital Region
Advertisement
Promotions

Standard & Poor's upgrades NY bond ratings

  • FACEBOOK
  • TWITTER
  • GOOGLE+
  • LINKEDIN
  • PRINT
  • E-MAIL
Text Size: A | A

Standard & Poor's has raised its ratings of New York's general obligation and appropriation-backed bonds. Credit analyst David Hitchcock says the upgrade is based on improved budget management and spending restraint with relatively modest projected budget gaps for future years. S&P is raising the rating of the general obligation bonds to AA+ from AA. It is raising the appropriation-backed bonds' rating from AA- to AA. That follows recent ratings upgrades of the state's bonds by ...


You Must Log-In or Subscribe to Continue Subscription Offer Individual stories can be found and purchased from our Archives for $2.00

Advertisement

comments

There are currently no posts. Be the first to comment on this story.
Advertisement