Moody's Investors Service yesterday said its Baa1 bond rating for New York City fully reflects the shape of the city's fiscal 1994 budget and other problems relating to New York's multiyear financial plan.

The city's $31.2 billion budget has received criticism from fiscal monitors and watchdog groups for relying too heavily on budget-balancing gimmicks and one-shot revenue raisers.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.