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Moody's gives Aa3/VMIG1 to New York City bonds
Moody's Investors Service said it assigned Aa3/VMIG1 ratings to the City of New York's $476.2 million of multi-modal general obligation bonds, fiscal 2008 series L, tax-exempt subseries L-3, L-4, L-5 and L-6 (adjustable-rate term bonds).
The issue includes $80.8 million of subseries L-3, $100 million of subseries L-4, $145.4 million of subseries L-5 and $150 million of subseries L-6.
Sale of the bonds was expected on April 22.
The outlook is stable.
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