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Bond Rating
White Plains, NY
Breaking News
'Financial Resilience': Westchester County's Bond Rating Outlook Upgraded By Fitch Ratings
Westchester County's bond rating outlook has been upgraded by Fitch Ratings, a reflection of the county's "improved financial operations," officials said. The county's bonds have been assigned an "AA+" rating by Fitch, and the county's rating outlook has been upgraded to "positive" from "stable," according to an announcement by county officials from Monday, Nov. 21. "This is all done by good strategic planning and budgeting, we have increased the county’s unrestricted general fund balance, bolstering the County's overall financial resilience," said Westchester County Execut…
Tappan-Blauvelt, NY
Your Community
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 …
New City, NY
Your Community
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…
White Plains, NY
Your Community
Latimer Calls For Slight Sales Tax Increase
Property taxes may soon be frozen, but consumers in Westchester will also be paying an increased sales tax if County Executive George Latimer's plan is enacted. Latimer has proposed “The Westchester County Property Taxpayers Protection Act,” which, if approved, would keep the property tax levy flat for two years, while raising sales tax 1 percent. The proposal would help stabilize the county’s finances after losing its AAA rating - the highest ranking available - in each of the Big 3 rating agencies, last year. “As the bond rating agencies scored us and lowered our bond rating, put us on a …
