Standard & Poor's upgraded Nassau County, N.Y., a single notch to A-plus from A yesterday as the county readied a $110 million revenue anticipation note deal and a $191 million general obligation bond sale. The outlook is stable.
The Rans will competitively price today, and the county expects to price the GOs by the end of the month. The GO deal will include about $41 million of refunding and $150 million of new money for various capital projects. The new-money portion would have maturities that go out to at least 20 years, county debt manager Jeffrey Nogid said.