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Summary: Suffolk Cnty, NY; Tax Secured, General Obligation Dec 01
Standard & Poors, December 2001
The 'A' rating on Suffolk County, N.Y.'s public improvement bonds 2001 series B reflects: A diverse economic base that has experienced moderated growth; Financial operations that have generated adequate fund balances, which may now be called into use; and A low debt burden attributable to the county's very broad tax base. Suffolk County is diverse, an integral part of the Long Island regional economy and in relatively close proximity to New York City, and draws on a large and well-trained urban and suburban workforce. With well-developed suburban residential, commercial, and industrial components, the county's employment distribution is quite similar to that of the nation as a whole. Following declines in the early 1990s, assessed valuation has increased an average 2.9%...
Companies mentioned in this report are: Suffolk Cnty
Action: New Rating
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