Fitch Rates Suffolk County, NY's GOs, RANs & BANs; Outlook Revised to Stable
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns the following ratings to Suffolk County, NY (the county) bonds and notes:
--Approximately $65,000,000 refunding serial bonds-2014 rated 'A';
--$85,000,000 revenue anticipation notes (RANs)-2014 rated 'F1';
--$36,110,066 bond anticipation notes (BANs)-2014 Series A rated 'F1'.
The bonds are being issued to refund certain series of bonds for present value debt service savings. The RANs are being issued in anticipation of the receipt of certain revenues expected to be received by t