Moody's Investors Service has cut the rating on Nassau County's $1.4 billion of outstanding general obligation debt to A2 from A1, based on the county's weakening financial position.
The outlook has been revised to stable from negative.
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.
Have an account? Sign In