- Published: May 2012
- Region: New York, United States
Oyster Bay, NY Public Improvement Bond Rating Raised To 'AAA' On Strong Financial Position
- Published: May 2008
- Region: New York
- Standard & Poors
NEW YORK (Standard & Poor's) May 21, 2008-Standard & Poor's Ratings Services raised its rating to 'AAA' from 'AA' on Oyster Bay, N.Y.'s public improvement (serial) bonds, reflecting its strong financial position and good management. Standard & Poor's also assigned its 'AAA' rating to Oyster Bay's series 2008 bonds. The rating reflects the town's strong local economy, with easy access to New York City; strong wealth and income levels; rapid tax-base appreciation; very strong financial position; and moderate to high overall debt burden. "The stable outlook reflects Oyster Bay's solid local economy, strong income levels, and rapid tax base appreciation," said Standard & Poor's credit analyst Eden Perry. "The stable outlook also signifies the town's significantly improved financial position, as...
Companies mentioned in this report are: Oyster Bay Twn
Action: New Rating
Action: Outlook: Stable
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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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