New York City Wins Its Highest Debt Rating From S&P on Revenue, Economy

(Bloomberg) -- New York City won its highest credit
rating by Standard & Poor's as surging Wall Street profits and a
buoyant real estate market boost revenue, and as surplus funds
are set aside to help pay for future costs.

The credit-rating company raised the city's rating on its
general obligation debt to AA, its third-highest investment
grade rank, from AA-. The upgrade marked S&P's second ratings
increase for the city since last May.


Read more at Bloomberg Bonds News