Weather Alert

POCKETS OF A LIGHT WINTRY MIX LATE TODAY

Some showers of rain, snow, sleet and freezing rain will develop late this afternoon and this evening as warmer air works into the Northeast.  Pockets of slick travel could develop, especially across the North Country.

WEATHER ALERT


Weather Alert Radar

Channel 6 News - Search Results

The following is an archived video story. The text content of that video story is available below for reference. The original video has been deleted and is no longer available.

Standard & Poor's upgrades NY bond ratings

ALBANY, N.Y. (AP) -- Standard & Poor's has raised its ratings of New York's general obligation and appropriation-backed bonds.
  
Credit analyst David Hitchcock says the upgrade is based on improved budget management and spending restraint with relatively modest projected budget gaps for future years.
  
S&P is raising the rating of the general obligation bonds to AA from AA.
   It is raising the appropriation-backed bonds' rating from AA- to AA.
  
That follows recent ratings upgrades of the state's bonds by Fitch and Moody's Investors Service.
  
S&P also cites New York's "strong and diverse economy of 19.7 million people, with income levels above the national average, but with a higher-than-average proportion of state income derived from the financial sector."
  
It notes offsetting factors including "significant post retirement liabilities and the volatility of state revenues."
 
AP-WF-07-24-14 0708GMT
 
Advertise with us!
Advertise with us!