Nassau County, New York; General Obligation; General Obligation Equivalent Security; Joint Criteria Nov 10
Standard & Poors, November 2010
Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating and stable outlook to Nassau County, N.Y.'s series 2010 E and F general obligation (GO) bonds. Standard & Poor's also affirmed the 'A+' long-term rating and underlying ratings (SPURs) on the county's previously issued GO debt. The outlook is stable. 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; Improved financial management policies and practices over the past several years, which have strengthened the county's overall financial position; and Pro-active budget management, which has taken swift action to restore balance as shortfalls emerged in the past two years. Compared with counties of...
Companies mentioned in this report are:
- Nassau Cnty
Action: New Rating
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Research Type: Full Analysis
- Nassau Cnty
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