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Summary: Clarkstown, New York; General Obligation Aug 09 Product Image

Summary: Clarkstown, New York; General Obligation Aug 09

  • Published: August 2009
  • Region: New York
  • Standard & Poors

Abstract
The 'AAA' long-term rating assigned to Clarkstown, N.Y.'s series 2009 general obligation (GO) public improvement serial bonds and on its previously issued GO debt reflects the town's: Sound local economy, with access to the deep and diverse employment bases of New York City, Westchester County, and northern New Jersey; Affluent tax base, as demonstrated by above-average wealth and income levels and high market value per capita; Historically strong financial profile, supported by the maintenance of stable reserve levels; and Favorable overall debt position with rapid amortization and moderate future borrowing needs. The bonds are general obligations of the town, supported by its full faith and credit pledge. The town will use the bond proceeds for various capital projects. Clarkstown (estimated...

Companies mentioned in this report are:
- Clarkstown Twn

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

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- Clarkstown Twn

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