Article: Oyster Bay, N.Y., Floating $55M in One-Year Bans.

The town of Oyster Bay, N.Y., will sell about $55 million of bond anticipation notes this week to pay off some outstanding debt and finance a list of general public projects and a variety of equipment purchases.

The one-year notes will be sold through competitive bid on Wednesday.

Though the Long Island town's notes won't carry short-term ratings, Oyster Bay's long-term debt is rated A1 with a positive outlook by Moody's Investors Service and AA rating with a stable outlook by Standard & Poor's.

Moody's analyst Lisa Cole said the town did not seek a short-term rating from the credit agency -- and that it had not met with Oyster Bay officials ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!