Nassau Outlook Dims

Sigo, Shelly
January 2005
Bond Buyer;1/6/2005, Vol. 351 Issue 32044, p27
Trade Publication
The article reports that Standard & Poor's Corp. last week downwardly revised its outlook on Nassau County, Florida, to negative from stable based on a trend of operating deficits and weakened reserves, an agency analyst said. The negative outlook affects $35.6 million of public improvement revenue bonds, Series 2001. Standard & Poor's affirmed its A rating on the MBIA Insurance Corp.-insured outstanding bonds, which are secured by the county's covenant to budget and appropriate non-ad-valorem revenue.


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