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Moody's raises New York's GO bonds rating to "Aa1"
June 16, 2014 / 5:36 PM / 3 years ago

Moody's raises New York's GO bonds rating to "Aa1"

June 16 (Reuters) - Moody’s Investors Service raised New York state’s general obligation bond rating to “Aa1” from “Aa2” with a stable outlook, citing sustained improvements in fiscal governance and its recent economic recovery.

"The rating also recognizes New York's expensive business environment, reliance on financial services and other NYC-based economic drivers," Moody's said in a statement. ( (Reporting By Abinaya Vijayaraghavan; Editing by Joyjeet Das)

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