Standard & Poor's Ratings Services assigned its 'A+' long-term rating, and stable outlook, to Nassau County, N.Y.'s series 2009H and 2009I general obligation (GO) bonds. In addition, Standard & Poor's affirmed its 'A+' long-term rating and underlying ratings on the county's previously issued GO debt. The outlook is stable. The 'A+' rating reflects what we view as the county's: Deep, diverse, and affluent local economy that is adjacent to New York City and has shown resilience over time; Improved financial management policies and practices in the past several years, which have strengthened its overall financial position over time; and Proactive budget management that has allowed swift action to restore balance as shortfalls emerged in the past year. When compared with...
Companies mentioned in this report are:
- Nassau Cnty
Action: New Rating
Action: Outlook: Stable
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