S&P gives New York City G.O. bonds AAA

Standard & Poor's said it assigned its AAA long-term rating to New York City's fiscal 2008 subseries J-3 and J-6 through J-8 tax-exempt adjustable-rate general obligation bonds.

Affected issues include the $150 million G.O. variable-rate demand bonds subseries J-3 series 2008J due Aug. 1, 2023; $140 million G.O. variable-rate demand bonds (taxable) subseries J-13 series 2008J due Aug. 1, 2019; $111.225 million G.O. variable-rate demand bonds subseries J-6 series 2008J due Aug. 1, 2024;

Also, $103.16 million G.O. variable-rate demand bonds (taxable) subseries J-12 series 2008J due Aug. 1, 2029; $101.405 million G.O. variable-rate demand bonds subseries J-5 series 2008J due Aug. 1, 2028; $100 million G.O. variable-rate demand bonds (taxable) subseries J-14 series 2008J due Aug. 1, 2019;

Also, $100 million G.O. variable-rate demand bonds subseries J-11 series 2008J due Aug. 1, 2027; $100 million G.O. variable-rate demand bonds subseries J-10 series 2008J due Aug. 1, 2027; $100 million G.O. variable-rate demand bonds subseries J-9 series 2008J due Aug. 1, 2027;

And $100 million G.O. variable-rate demand bonds subseries J-8 series 2008J due Aug. 1, 2021; $100 million G.O. variable-rate demand bonds subseries J-7 series 2008J due Aug. 1, 2021; and $100 million G.O. variable-rate demand bonds subseries J-4 series 2008J due Aug. 1, 2025.

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