| Title: | S&PCORRECT: Nassau County Interim Finance Authority, NY Bonds Assigned 'AAA/A-1+' Rating |
| 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 assigned its 'AAA/A-1+' standard long-term rating to Nassau County Interim Finance Authority, N.Y.'s (NIFA) $120 million sales tax-secured series 2008G variable-rate refunding bonds. The outlook is stable. (At the same time, Standard&Poor's raised its standard long-term rating and underlying rating (SPUR) on NIFA's outstanding parity debt to 'AAA' from 'AA+'.) "The rating reflects the strong debt service coverage and the lack of ability of the authority to issue new debt that could potentially dilute coverage," said Standard&Poor's credit analyst Eden Perry. The rating also reflects NIFA's lack of legal authority (as of 2007) to issue new debt; the strong security afforded |
| Brief Excerpt: | RESEARCH Ratings Definitions S&PCORRECT: Nassau County Interim Finance Authority, NY Bonds Assigned '###/###+' Rating Publication date: ##-May-#### Primary Credit Analyst: Eden Perry, New York (#) ###-###-####; eden_perry@standardandpoors.com... |
| Word Count: | 921 |
| Issuer: | Nassau Cnty Interim Fin Auth |
| Sector: | Global Issuers, Structured Finance, Public Finance, Financial Institutions, Corporations, Asset-Backed Securities |
| Country: | United States |
| Region: | United States |
| Format: | 
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