Fitch warns it may downgrade Nassau's credit
GalleriesNassau 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...