Summary: Rocky Point Union Free School District, New York; School State Program Feb 13
- ID: 2416925
- February 2013
- Region: New York
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA' rating, with a stable outlook, on Rocky Point Union Free School District, N.Y.'s general obligation bonds. The rating reflects our opinion of the district's: Access to diverse employment opportunities in Suffolk and Nassau counties, Strong wealth and income, Good financial management and reserves, and Low debt with little additional capital needs. The district's faith-and-credit pledge secures the bonds. The New York State Aid Intercept program provides additional bond security. Rocky Point Union Free School District, with a 2012 population estimate of 18,135, occupies nine square miles in Suffolk County on the north shore of Long Island, 10 miles from the commercial center of Port Jefferson. The mostly residential district operates one elementary...
Companies mentioned in this report are:
- Rocky Pt Un Free Sch Dist
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 >