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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

  • ID: 1817786
  • 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, 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.

Research Type: Full Analysis

Note: Product cover images may vary from those shown

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

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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