Nassau County, N.Y., Gets Upgrade, Plans Return to Market

McDonald, Michael
April 2003
Bond Buyer;4/4/2003, Vol. 344 Issue 31608, p4
Trade Publication
With Nassau County, New York, beginning to plot a return to the bond market, Fitch Ratings Inc. upgraded its credit to BBB-plus from BBB. The upgrade keeps Fitch's rating one step higher than those of Moody's Investors Service Inc., which upgraded the credit to Baa2 from Baa3 on February 25, and Standard & Poor's, which upgraded it to BBB from BBB-minus on March 14, 2003. Reforms undertaken by county executive Thomas Suozzi, who took office at the beginning of 2002, were generally credited for the improvement. According to Art Gianelli, deputy county executive for budget and finance, Nassau plans to begin issuing an annual information statement this summer modeled on a similar document produced by Montgomery County, Maryland.


Related Articles

  • After Losses, Moody's Puts Las Vegas Monorail Co. on Watch. Cohen, Jackie // Bond Buyer;10/25/2006, Vol. 358 Issue 32494, p6 

    The article reports that Moody's Investors Service has put on watch for a possible downgrade the Las Vegas Monorail Co. Moody's cites ongoing concerns about revenue and ridership declines for the possible downgrade of Las Vegas Monorail. Moody's rating came after Fitch Ratings downgraded the...

  • National Benevolent Downgraded, With LOC Likely to Fall Through. Shields, Yvette // Bond Buyer;9/5/2003, Vol. 345 Issue 31713, p1 

    Reports that credit rating agencies Moody's Investors Service Inc. and Fitch Ratings Inc. lowered as of September 5, 2003 ratings of Saint Louis, Missouri-based National Benevolent Association (NBA) from Ba2 to B3 and left it on the negative watch list. Reasons for lowering of the rating of the...

  • A MATTER OF THEIR OPINION. BLYTH, ALEX // Accountancy;Aug2009, Vol. 144 Issue 1392, p28 

    The article presents an overview of the role that several credit rating agencies, including Moody's, Fitch Ratings and Standard & Poor's have played in helping to create a credit slow down in Great Britain, Europe and the U.S. In the article the author offers his opinions on the performance of...

  • Raleigh Airport Authority Earns Upgrades Ahead of $155M Deal. DeSue, Tedra // Bond Buyer;5/9/2007, Vol. 360 Issue 32625, p6 

    The article reports on the ugrade of ratings assigned to Raleigh Durham Airport Authority's $155 million of revenue bonds in North Carolina, by Fitch Ratings and Moody's Investors Service. Fitch upgrade the ratings to AA-minus from A-plus, while Moody's raised it to Aa3 from A1. According to...

  • MISSOURI: Art Nonprofit Stays Double-A. Shields, Yvette // Bond Buyer;8/22/2007, Vol. 361 Issue 32697, p9 

    The article focuses on the $98 million debt sale initiated by the Nelson Gallery Foundation (NGF) in the U.S. The credit has been rated by Fitch Ratings as AA with a positive outlook, while Moody's Investors Service gave it Aa3 rating. George K. Baum & Co. and JPMorgan are said to be...

  • Fitch Drops Michigan GOs to AA. Carvlin, Ehzabeth // Bond Buyer;12/15/2004, Vol. 350 Issue 32030, p1 

    No abstract available.

  • Recovery Rating Methodology To Carry On. R. K. // High Yield Report;1/7/2008, Vol. 19 Issue 1, p1 

    The article provides updates on the performance of ratings agencies in the U.S. in 2008. It cites that, with defaults expected to rise anywhere from 2% to 5% this year, some investors are looking for agencies to boost their due diligence when assigning a credit facility's recovery rating....

  • MARYLAND: Montgomery Dealing GOs. Sanchez, Humberto // Bond Buyer;3/3/2008, Vol. 363 Issue 32827, p9 

    The article reports on the plans of Montgomery County in Maryland to competitively sell $64.7 million of general obligation bonds. The rating agencies, including Fitch Ratings, Standard & Poor's, and Moody's Investors Service, have all assigned the deal triple-A ratings with stable outlooks. The...

  • California GOs Off Negative Watch, But Ratings Stuck at BBB, Fitch Says. Saskal, Rich // Bond Buyer;8/10/2004, Vol. 349 Issue 31944, p3 

    Reports on the credit ratings of California's general obligation bonds. Fitch Ratings' removal of the bonds from rating watch negative; Credit ratings given by Standard & Poor's Corp. and Moody's Investors Service Inc.; Measures that must be implemented to achieve structural balance of the...


Read the Article


Sign out of this library

Other Topics