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Financial Resilience

Politics
Fitch Upgrades Rockland Bonds To 'A' Rating Fitch Upgrades Rockland Bonds To 'A' Rating
Fitch Upgrades Rockland Bonds To 'A' Rating Fitch Ratings upgraded the County’s General Obligation Bond Rating from “A-” to “A,” County Executive Ed Day and Commissioner of Finance Stephen DeGroat announced. This makes for the 10th consecutive bond upgrade since 2014 when the Rockland County had a $138 million deficit and its bonds were rated just above junk, officials say. Ultimately, the upgraded ratings mean that Rockland County can borrow money to fund capital projects at a lower cost, saving taxpayer dollars. “This upgrade shows that the difficult choices we made in the past are being noticed and paying dividends for our reside…

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by Valerie Musson