Fitch Rates Suffolk County, NY's GO Refunding Bonds 'A'; Outlook Stable
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns an 'A' rating to the following Suffolk County, NY
(the county) bonds:
--$24,135,000 refunding serial bonds, 2015 series A;
--$60,720,000 refunding serial bonds, 2015 series B.
The bonds are expected to be sold through competitive sale on Feb. 19.
The bonds are being issued to refund outstanding bonds of the county's
2006 series A and 2006 series B bonds for cash flow savings.
The Rating Outlook is Stable.
The bonds are general obligations of the county with a pledge of its
faith and credit and ad valorem tax, subject to the 2011 state statute