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Summary: Suffolk Cnty, NY; Tax Secured, General Obligation Apr 03
Standard & Poors, April 2003
The 'A' rating on Suffolk County, N.Y.'s public improvement GO bonds reflects the county's: Diverse economic base, with growth that has moderated; Financial operations that have generated adequate fund balances, which may now be called into use; and Moderate debt burden, attributable to the county's very broad tax base. Proceeds of this issue will go towards various public improvements. The bonds are secured by the county's unlimited tax full faith and credit pledge. This diverse county, an integral part of the Long Island regional economy, and in relatively close proximity to New York City, draws on a large and well trained urban and suburban work force. With well developed suburban residential, commercial, and industrial components, the county's employment distribution is...
Companies mentioned in this report are: Suffolk Cnty
Action: New Rating
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