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Nassau County, New York; Appropriations; General Obligation; General Obligation Equivalent Security Nov 06 Product Image

Nassau County, New York; Appropriations; General Obligation; General Obligation Equivalent Security Nov 06

  • Published: November 2006
  • Region: New York
  • Standard & Poors

FEATURED COMPANIES

  • Nassau Cnty
  • Nassau Hlth Care Corp
  • MORE

Abstract
The 'A' standard long-term rating on Nassau County, N.Y.'s GO debt reflects the county's: Significantly improved financial management and performance; Notable progress in addressing the wide range of long-standing challenges that form the basis of its multiyear financial plan, including the ongoing implementation of pay-as-you-go tax grievance payments; The institutionalization of various financial reforms and comprehensive financial reporting and planning, as well as fund balance, debt management, and investment policies; and Deep, diverse, and affluent local economy that is adjacent to New York City. Credit limitations include the county's: Below-average general fund reserve levels; Continued budgetary exposures to significant items including the Nassau Health Care Corp. (NHCC), sales tax fluctuations, the transition to pay-as-you-go tax certiorari payments, outstanding labor unit...

Companies mentioned in this report are:
- Nassau Cnty
- Nassau Hlth Care Corp
- Nassau Regl Off-Track-Betting Corp

Action: Affirmed

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, READ MORE >

- Nassau Cnty
- Nassau Hlth Care Corp
- Nassau Regl Off-Track-Betting Corp

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