TITLE

Hempstead's Affirmation

AUTHOR(S)
Cataldo, Adam L.
PUB. DATE
February 2006
SOURCE
Bond Buyer;2/13/2006, Vol. 355 Issue 32218, p31
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Fitch Ratings Inc. has assigned an AA rating to Hempstead's sale of 33.9 million dollar of public improvement bonds in the New York. Fitch said its rating reflects the town's stable and diverse economic base, sound financial operations, moderate debt levels and limited future capital needs. According to the report, mortgage taxes accounted for 13 percent of revenues in 2005, and even though the town is build out, there has been strong growth in market value.
ACCESSION #
19758780

 

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