NYC Bonds

Ratings Reports

NYC General Obligation, NYC Transitional Finance Authority, and NYC Municipal Water Finance Authority

  • Bond Issuers
    Standard & Poor's
    Moody's
    Fitch
    Kroll
    NYC General Obligation

    AA

    Aa2

    Credit Opinion

    AA

    AA+

    Credit Opinion

    NYC Transitional Finance Authority (TFA) Future Tax Secured Subordinate Bonds

    AAA

    Aa1

    Credit Opinion

    AAA

    TFA Building Aid Revenue Bonds

    AA

    Aa2

    Credit Opinion

    AA

    NYC Municipal Water Finance Authority (NYW)

    AAA

    Aa1

    Credit Opinion

    AA+

    NYW – Second Resolution

    AA+

    Aa1

    Credit Opinion

    AA+

    Hudson Yards Infrastructure Corporation (HYIC)

  • Standard & Poor's
    Moody's
    Fitch

    AA

    Aa2

    Credit Opinion

    AA-

    TSASC, Inc.

  • Standard & Poor's
    Moody's
    Fitch

    Initial Ratings

    October 2023 Report*

    Not rated

    Not rated

    * TSASC, Inc. bond ratings vary according to series and maturity. Please see S&P report for details. The Fiscal 2017 Series B (Subordinate) Bonds maturing June 1, 2048 are not rated.

    Contact the Ratings Analysts

  • New York City General Obligation Bonds
  • New York City Transitional Finance Authority Future Tax Secured Bonds
  • New York City Transitional Finance Authority - Building Aid Revenue Bonds
  • New York City Municipal Water Finance Authority
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    $242 billion
    Aug
    2022