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Fitch rates New York City G.O. bonds AA-
Fitch Ratings said it assigned an AA- rating to New York City's $525 million of general obligation bonds, fiscal 2008 series L.
The issue consists of $475 million of subseries L-1 tax-exempt bonds and $50 million of subseries L-2 taxable bonds.
Fitch also said it affirmed the AA- rating on about $34 billion of the city's outstanding G.O. bonds.
The outlook is stable.
The 2008 series L bonds are expected to sell by negotiation on April 15.
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