All three major rating agencies are saying a recent court decision is a potential credit negative for Nassau County, N.Y.

On Feb. 14 a U.S. District Court judge ruled against a wage freeze for county employees. The Nassau Interim Finance Authority imposed the wage freeze in March 2011.

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.