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Nassau Newsday > Long Island

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Fitch warns it may downgrade Nassau's credit

Originally published: February 20, 2013 8:23 PM
Updated: February 20, 2013 9:58 PM
By CELESTE HADRICK celeste.hadrick@newsday.com

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At a Mineola news conference, Nassau Comptroller George

Nassau's budget deficit County supporters share mixed reactions to the budget

County supporters share mixed reactions to the budget

NIFA's vote on Nassau 2012 budget

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(June 27, 2013)

Nassau County Executive Edward Mangano

A Wall Street ratings agency warned Wednesday that it likely would downgrade Nassau County's credit if a federal court's decision throwing out an employee wage freeze is upheld.

Fitch Ratings amended its evaluation of Nassau's financial condition to reflect the "adverse court opinion" by U.S. District Court Judge Leonard Wexler. He ruled last week that the county's financial control board...

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