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.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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