The county's bonds were rated one step above junk bond status.
The agencies have held Enron's debt rating one step above "junk" status, knowing that downgrading it further would force the company to pay or refinance up to $3.9 billion in debt -- effectively rendering Enron insolvent.
In 1991, Robert J. Gaffney beat the incumbent Suffolk County executive, Patrick Halpin, at a time when the county was facing nearly a $60 million deficit and had a bond rating one step above junk status.
Two-dimensional flame-spread across sub-flash-point propanol pools in opposed-forced airflow is investigated numerically for normal and zero gravities with finite-rate, one-step chemical kinetics, variable properties, and an adaptive finite-difference gridding scheme.
Moreover, the average correct rate of one step prediction of our system is greater than 71%, and the average Levenshtein distance of continuous route prediction of our system is about 30% shorter than that of the Markov model based method.
Sedita was rated "qualified", one step above "not recommended" for the position.
On Friday, Moody's Investor Services announced downgradings that left Motorola's subordinated debt classified as below investment grade -- junk bonds in industry jargon -- and its senior unsecured debt rating just one step higher.
From his safe remove a few hundred yards east of the county line, Mr. Wilson can watch with amusement as Nassau County struggles to crawl out of the mire of a $143 million deficit, fights to avoid a state takeover of its finances, and tries to improve its bond rating (currently, one step above junk).
At any rate, it is one step up from being damned as a tradesman of letters by a woman who lived on dividend payments.
At any rate, we're one step closer to just giving up and impaneling the diners at a Ruby Tuesday to serve on the House Ways and Means Committee.
Although the Long Island economy, like the rest of the nation's, is robust and the county is one of the country's wealthiest, Nassau faces a deficit this year of more than $100 million and its bonds have been reduced by Wall Street rating agencies to one step above junk status.
