More shoes began to drop in Suffolk County, N.Y., as Standard & Poor’s on Tuesday placed its AA long-term and underlying ratings on credit watch with negative implications.

The previous day, Moody’s Investors Service lowered Suffolk’s general obligation rating two levels to A1 from Aa2, with a negative outlook.

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.