New York, October 07, 2016 -- Moody's is correcting the enhanced ratings on the City of Syracuse (NY), Public Improvement (Serial) Bonds, Series 2005C, Public Improvement Refunding (Serial) Bonds, Series 2005C, Public Improvement (Serial) Bonds, Series 2007A (City School District Purposes) and Public Improvement (Serial) Bonds, Series 2008A (City School District Purposes) to Aa3 from A1. Due to an internal administrative error, Moody's did not upgrade the enhanced ratings on these bonds on May 5, 2015 when the city's Outlook was revised to stable from negative.

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