WALL STREET WEEK `GOING WELL' : HIGH HOPES PREVAIL IN BOND-BOOSTING N.Y. VISIT.Byline: David Greenberg The creator of this article, or someone who has substantially contributed to it, may have a conflict of interest regarding its subject matter. It may require cleanup to comply with Wikipedia's content policies, particularly neutral point of view. Daily News Staff Writer Although concerned the failed health services health services Managed care The benefits covered under a health contract merger could weaken Ventura County's short-term bond rating, officials are optimistic that meetings with Wall Street executives this week produced positive results. County officials hope they were able to convince Moody's Investor Service and Standard & Poor's Corp. that the county remains on stable financial ground despite threats of losing as much as $15 million from the health-care debacle. Chief Deputy Administrative Officer Bert Bigler said he received a short but positive report Friday from his boss, Lin Koester, who is one of several officials in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . ``He said things are going well,'' Bigler said. ``But he didn't say anything more than that.'' Koester, the county's chief administrative officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive , joined Auditor Thomas Mahon, Supervisors Kathy Long and Susan Lacey and county Counsel James McBride James McBride may mean:
The county sells more than $100 million in ``tax and revenue anticipation notes'' at the beginning of each fiscal year to insurance companies or banks to provide a cash flow until December when property tax revenues pour in. The interest rate - generally 3.25 percent to 3.3 percent with a solid rating - is attached to notes that are paid off in full by the end of that fiscal year. ``We reflect a strong rating in the past and I don't see anything that's going to adversely impact a one-year note,'' said Christine Cohen cohen or kohen (Hebrew: “priest”) Jewish priest descended from Zadok (a descendant of Aaron), priest at the First Temple of Jerusalem. The biblical priesthood was hereditary and male. , assistant auditor, who did not travel to New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . ``We are doing everything possible to cooperate with each of the auditing entities. I feel confident that we can meet their needs.'' Should the county's rating fall, she said, it would be forced to buy insurance to push the bond rating back up to the highest grade. ``If you get good credit, you're going to have an increased number of investors wanting to purchase the note,'' said Cohen. The supervisors recently approved borrowing as much as $110 million for fiscal year 1999-2000. Federal officials have warned that the recent failed merger of two county agencies - Behavioral Health and Human Services - could cost the county as much as $15 million in health-care reimbursements. |
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