Nassau County, New York; General Obligation; General Obligation Equivalent Security; Joint Criteria May 11
Standard & Poors, May 2011
Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating and stable outlook to Nassau County, N.Y.'s series 2011 A and B general obligation (GO) bonds. Standard & Poor's also affirmed the 'A+' long-term rating and underlying ratings (SPUR) on the county's previously issued GO debt. The outlook is stable. Bond proceeds will be used to fund various capital projects of the county. The 'A+' rating on Nassau County reflects the county's: Deep, diverse, and affluent economy that is adjacent to New York City and has shown resilience over time; Strong wealth and income levels; Improved financial management policies and practices that have strengthened the county's overall financial position; and Pro-active budget management, which has taken swift action to restore...
Companies mentioned in this report are:
- Nassau 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 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.
Research Type: Full Analysis
- Nassau Cnty
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