Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to Suffolk County, N.Y.'s tax anticipation notes (TANs), series 2010.The rating reflects what we view as the county's: General creditworthiness (GO rating AA/Stable); Adequate projected coverage at note maturity; and Healthy available alternate liquidity for debt service if needed. The county's full faith and credit GO pledge secures the series 2010 TANs , which mature on Sept. 13, 2011. The county is issuing the notes in expectation of collecting portions of delinquent real property taxes or assessments returned to the county by other municipalities or school districts or levied by the county for the county's purposes for fiscal years 2007, 2008, 2009, and 2010. The county has historically issued tax...
Companies mentioned in this report are:
- Suffolk Cnty
Action: New Rating
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