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Moody's Investors Service

Politics
Moody's Increases Rockland's Bond Rating To A1 Moody's Increases Rockland's Bond Rating To A1
Moody's Increases Rockland's Bond Rating To A1 Despite being in the midst of a global pandemic, Moody’s Investigators Service has increased Rockland County’s bond rating. This week, Moody’s announced that Rockland’s rating has been upped from A2 to A1. According to Moody’s, the upgrade of the rating to A1 reflects the county's recently improved financial position which is being challenged with sales tax and state aid losses as a result of the COVID-19 pandemic. “We regard the coronavirus outbreak as a social risk under our ESG framework, given the substantial implications for public health and safety,” Moody’s evaluators stated. “The …

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by Zak Failla
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