On September 22, 2023, KBRA assigned a long-term rating of AA+ with a Stable Outlook to The City of New York’s General Obligation Bonds, Fiscal 2024 Series B, consisting of Taxable Social Bonds, Subseries B-1 and Taxable Bonds, Subseries B-2. Concurrently, KBRA affirmed the AA+ rating and Stable Outlook on the City’s outstanding General Obligation Bonds.

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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

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