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AGENCY TESTIMONY
Credit ratings and fiscal management approach validation
0:19:18
ยท
36 sec
Jacques Jiha highlights the validation of New York City's fiscal management approach by top independent credit rating agencies, despite the various challenges faced by the city.
- The four major credit rating agencies (Moody's, S&P, Fitch, and Kroll) have upheld the city's high credit ratings.
- These agencies have maintained a stable fiscal outlook for New York City.
- The positive ratings come despite the numerous financial challenges the city has faced, including the asylum seeker crisis and potential federal funding issues.
Jacques Jiha
0:19:18
Despite the many challenges we have faced, the top four independent credit rating agencies who rate the Citi's bonds namely Moody's, S and P, Fitch, and Kroll continue to validate our fiscal management approach.
0:19:40
And despite all of our challenges, I'm pleased to report that last week, they all upheld the city's high credit ratings and stable fiscal outlook.