S&P improves outlook on N.Y.C.'s debt total; bond ratings unaltered

Kruger, Daniel
February 1998
Bond Buyer;02/04/98, Vol. 323 Issue 30324, p40
Trade Publication
Reports on Standard & Poor's Corp.'s upgrading of its credit outlook for New York City's $27 billion of outstanding general obligation bonds. Rating on the debt; Mayor Rudolph Giuliani's announcement of the city's budget surplus for fiscal 1998; Need for the city to adopt a budget that is consistent with the outlines set forth in Giuliani's budget address in January 1998.


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