Summary: Nassau County, New York; General Obligation; Joint Criteria Nov 09
- ID: 1804656
- November 2009
- Region: New York
- Standard & Poors
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
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. SHOW LESS READ MORE >