Fitch Affirms New York State GOs and Related Bonds at 'AA+'; Outlook Stable

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has affirmed the 'AA+' rating on the State of New York's general obligation (GO) bonds. In addition, Fitch affirms the ratings on debt linked to the state's GO rating, as detailed at the end of this release. The Rating Outlook is Stable. SECURITY The GO bonds are backed by the full faith and credit of the State of New York. KEY RATING DRIVERS SUSTAINABLE BUDGETING PRACTICES: The rating reflects the improved fiscal management practices of recent years tha

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