Summary: Nassau County, New York; Note May 11

Standard & Poors, May 2011

Abstract
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to Nassau County, N.Y.'s series 2011 A and B revenue anticipation notes (RANs). The rating reflects: The county's general obligation (GO) pledge ('A+/Stable' GO rating) as security; Strong projected coverage at the time of the two notes' maturities; An adequate note structure that provides for lump-sum note repayments deposited to a separate bank account held by the county treasurer with no early segregation points; and Strong projected alternative liquidity in the county's sewer and storm water district funds and environmental protection bond funds at note maturities. The county's faith and credit GO pledge secures the 2011 RANs. Note proceeds will be used to provide liquidity for county operations during low...

Companies mentioned in this report are: Nassau Cnty
Action: Affirmed
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 underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Nassau Cnty

Customers who bought this item also bought

• County Directory
• Government Investment Pools Report
• Redesigning the Public Library Building
• The Survey of Library Public Relations Practices
• The Survey of Library Employee Training Practices
• Library Use of eBooks, 2013 Edition
• Charter Schools - Global Outlook
• US Directory Suite: Federal, Federal Regional, State, County and Municipal Directories
• Phr / Sphr. Professional in Human Resources Certification Study Guide. 4th Edition
• Municipal Directory