Officials at the major credit rating agencies are planning to meet with New York State Governor-elect George Pataki to discuss the impact of his dramatic tax-cut proposal on the state's bond rating.

At the moment, Standard & Poor's Corp., rates the state's general obligation bonds A-minus, while Moody's Investors Service gives them an A. New York has one of the lowest bond ratings of any state, which adds to the interest rate tab whenever the state floats debt.

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