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Summary: Suffolk Cnty, NY; Tax Secured, General Obligation Dec 01 Product Image

Summary: Suffolk Cnty, NY; Tax Secured, General Obligation Dec 01

  • Published: December 2001
  • Region: New York
  • Standard & Poors

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors READ MORE >

- Suffolk Cnty

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