| Title: | Nassau County Interim Finance Authority, NY Sales Tax-Secured Bonds Rating Raised To 'AAA' |
| Price: | $100.00 |
| Publication Date: | May 02, 2008 |
| Report Type: | News |
| Abstract: | NEW YORK (Standard&Poor's) May 2, 2008—Standard&Poor's Ratings Services said that it raised its standard long-term rating and underlying rating (SPUR) on Nassau County Interim Finance Authority, N.Y.'s (NIFA) sales tax-secured bonds to 'AAA' from 'AA+'. The outlook is stable. At the same time, Standard&Poor's assigned its 'AAA/A-1+' rating, and stable outlook, to NIFA's sales tax-secured bonds, series 2008 A-F. "The upgrade reflects the strong debt service coverage and the authority's lack of ability to issue new debt that could potentially dilute coverage," said Standard&Poor's credit analyst Eden Perry. The rating also reflects NFIA's lack of legal authority (as of 2007) to issue new debt; the strong security afforded the debt by legal |
| Brief Excerpt: | RESEARCH Ratings Definitions Nassau County Interim Finance Authority, NY Sales Tax-Secured Bonds Rating Raised To '###' Publication date: ##-May-#### Primary Credit Analyst: Eden Perry, New York (#) ###-###-####; eden_perry@standardandpoors.com... |
| Word Count: | 919 |
| Issuer: | Nassau Cnty Interim Fin Auth |
| Sector: | Global Issuers, Structured Finance, Public Finance, Financial Institutions, Asset-Backed Securities |
| Country: | United States |
| Region: | United States |
| Format: | 
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