Credit Ratings

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The following table provides the State’s current credit ratings on all its State-related bond-financed programs.

Current Credit Ratings on New York State Debt
  Standard & Poor’s Fitch Moody’s1
Personal Income Tax Bonds (PIT) AA+ AA+ Aa2
Sales Tax Revenue Bonds AA+ AA+ Aa2
General Obligation (GO) AA+ AA+ Aa2
Local Government Assistance Corporation (LGAC) AA+ AA+ Aa2
Dedicated Highway and Bridge Trust Fund AA+ AA+ NR
Mental Health Services Facilities Improvement Revenue AA AA NR
Department of Health AA AA NR
State University of New York Dormitory Revenue AA- AA- Aa2
Tobacco Bonds AA AA NR
Municipal Bond Bank Agency (MBBA) Special Schools Revenue AA AA NR
Service Contract/Appropriation Credits2 AA AA NR
  1. “NR” – not rated.
  2. Includes programs that have been separately bond-financed-for in the past (i.e. CHIPs, SUNY Academic Facilities, etc.) and are now replaced by PIT financing.


To verify information presented here or request additional information, please visit the Contact Information page.