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Fitch: AAA F1+ - nifa state ny

Fitch: AAA F1+ - nifa state ny 2025

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The document outlines the issuance of $112,825,000 Sales Tax Secured Bonds by the Nassau County Interim Finance Authority. It details the expected ratings from major credit agencies, tax exemptions for bondholders, and the structure of the bonds as adjustable rate securities. The proceeds will be used for various financeable costs including debt service payments and capital projects. The document also discusses the authority's financial oversight role, revenue sources primarily from sales tax, and includes legal opinions regarding the bonds' validity and tax-exempt status.

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What is the USAs current credit rating?

AgencyRatingOutlook DBRS AAA Under Review Moodys Aaa Stable SP AA+ Stable DBRS AAA Stable10 more rows

What is AA Fitch rating?

AA ratings denote expectations of very low default risk. They indicate very strong capacity for payment of financial commitments. This capacity is not significantly vulnerable to foreseeable events.

Does the US still have an AAA credit rating?

Fitch Ratings followed suit in August 2023, also cutting its U.S. credit rating to AA+ from AAA, citing a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters.

What is the credit rating scale in the US?

For a score with a range of 300 to 850, a credit score of 670 to 739 is considered good. Credit scores of 740 and above are very good while 800 and higher are excellent.