Fitch Rates New York City, NY's GO Bank Bonds 'AA'; Outlook Stable

NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'AA' rating to bank bonds corresponding to the following series of New York City general obligation (GO) bonds in the event any bonds of the series are converted to bank bonds in the future: --$100 million fiscal 2008, subseries J-9 adjustable-rate bonds. The Rating Outlook is Stable. The rating is being assigned in connection with the ...

Source: http://www.businesswire.com/news/home/20110414006208/en/Fitch-Rates-York-City-NYs-Bank-Bonds

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