Fitch Rates Suffolk County, NY's GO Refunding Bonds 'A'; Outlook Stable

The bonds are being issued to refund outstanding bonds of the county's 2006 series A and 2006 series B bonds for cash flow savings. The bonds are general obligations of the county with a pledge of its faith and credit and ad valorem tax, subject to the 2011 state statute limiting property tax increases to the lesser of 2% or an inflation factor .

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