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Stephen DeGroat

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
Politics
Rockland's Bond Ratings Upgraded By S&P, Moody's Rockland's Bond Ratings Upgraded By S&P, Moody's
Rockland's Bond Ratings Upgraded By S&P, Moody's Rockland County’s bond ratings have gotten an upgrade, according to Rockland County Executive Ed Day and Commissioner of Finance Stephen DeGroat. Standard and Poor’s IS&P) increased Rockland’s long-term bond rating by two notches (from ‘A-‘ to ‘A+’) and Moody’s Investors Service increased the rating to Rockland’s Various Purposes Bonds and Refunding Bonds and reaffirmed the County’s long-term bond rating. As a result, the County was assigned a “positive outlook” with an A+ rating to Rockland’s Various Purposes Bonds and Refunding Bonds. Meanwhile, Moody’s assigned Rockland an A2 rating…

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by Valerie Musson