New York City Bond Rating May Fall:...
- Share via
From Times Staff and Wire Reports
New York City Bond Rating May Fall: A bond rating agency hinted that it may lower the city’s debt rating. Standard & Poors Corp. said it is concerned about New York’s ability to repay its debt after a tentative agreement to give teachers a 5.5% pay raise. It currently gives an A-minus rating to the city’s $13 billion in general obligation bonds. A lower rating would make it more expensive for New York to borrow money in the bond market.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
