Nassau County, New York; Appropriations; General Obligation; General Obligation Equivalent Security; Joint Criteria Dec 12
- Language: English
- Published: December 2012
- Region: New York
Standard & Poor's Ratings Services has assigned its 'A+' long-term rating to Nassau County, N.Y.'s series 2009F and 2009G general obligation (GO) bonds and affirmed its 'A+' long-term rating and underlying rating (SPUR) on the county's previously issued GO debt, reflecting the county's: Deep, diverse, and affluent local economy that is adjacent to New York City and has shown resilience over time; and Institutionalized financial reforms and comprehensive financial reporting and planning, as well as fund balance, debt management, and investment policies, all of which allows management to remain proactive in handling the county's financial challenges. Compared with counties nationwide of similar size and economic strength, the rating remains below average, in our opinion, due to the county's: Continued use...
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 >
- Nassau Cnty