Standard & Poor's has lowered the long-term general obligation debt of Amityville to A-minus from A, with a negative outlook.

"The downgrade is due to the deterioration of the village's financial position over the last three years," said analyst Kate Hackett.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.