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Summary: Nassau County, New York; General Obligation; Joint Criteria Nov 09

  • ID: 1804656
  • November 2009
  • Region: New York
  • Standard & Poors
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Abstract
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: Affirmed
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 READ MORE >

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- Nassau Cnty

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