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Summary: Huntington, New York; General Obligation Jun 09 Product Image

Summary: Huntington, New York; General Obligation Jun 09

  • ID: 1822727
  • June 2009
  • Region: New York
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AAA' long-term rating to the town of Huntington, N.Y.'s series 2009 refunding bonds and affirmed its 'AAA' long-term rating on the town's series 2008A public improvement bonds, reflecting our opinion that the town has: A diverse and continually expanding local employment base; Consistently maintained a strong and stable financial position highlighted by healthy unreserved fund balance levels and consistently good operating results; and Moderate to low debt with limited future capital needs. The full faith and credit pledge of the town secures the series 2009 bonds. The refunding is expected to save the town upwards of $750,000 over the life of the bonds without extending the debt service schedule. Huntington (2008 population...

Companies mentioned in this report are:
- Huntington Twn

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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