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FOR IMMEDIATE RELEASE
PR- 187-05
May 17, 2005

MAYOR MICHAEL BLOOMBERG STATEMENT ON S & P UPGRADING NEW YORK CITY’S BOND RATING TO “A+”

“S & P’s ‘A+’ rating is the highest in the City’s history and clearly shows that New York’s economy is growing stronger.  While significant budgetary challenges still exist, today’s announcement illustrates that the difficult decisions we made during the fiscal crisis were the right ones and that our fiscal prudence is taking our City in the right direction.”







MEDIA CONTACT:


Edward Skyler / Jordan Barowitz   (212) 788-2958




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