Fitch Rates New York City's Subseries 2015F-5 F-6 Adj. Rate GO Bonds 'AA/F1' /'AA/F1+'

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns ratings of 'AA/F1', Stable Outlook to the City of New York (City) general obligation bonds, fiscal 2015 series F, adjustable rate bonds, $100,000,000 subseries F-5, and 'AA/F1+', Stable Outlook to $100,000,000 subseries F-6. KEY RATING DRIVERS: The 'AA' long-term rating and Stable Outlook is based on the credit quality of the City of New York. The 'F1' short-term rating is based on the liquidity support in the form of a standby bond purchase agre

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