Report

Moody's Ratings revises New York City's (NY) outlook to negative, affirms Aa2 issuer rating

Rating Action: Moody's Ratings revises New York City's outlook to negative, affirms Aa2 issuer rating. Global Credit Research- 11 Mar 2026. NOTE: On March 18, 2026, the press release was corrected as follows: In the List of Affected Credit Ratings accessible via hyperlink from the press release, added sale Future Tax Secured Bonds, Fiscal 2017 Series B, Subseries B-1, issued through the New York City Transitional Finance Authority, to reflect that its Aa1 rating was affirmed.
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Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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