It took four years of planning, tough decisions and a commitment to make things right, but it all paid off when the Village of Suffern was advised on October 8, 2019 that Moody’s Investors Service upgraded the Village of Suffern rating from Baa1 to A2. “The Village Board and I worked with Treasurer Michael Genito, […]
New City, NY – County Executive Ed Day announced today that Moody’s Investors Service released a Sector Comment Report on local government and deficit financing legislation. The Report references two New York municipalities who received deficit financing, Rockland County and the City of Long Beach, and how New York requires increased financial reporting to the […]
County officials announced on Wednesday that Moody’s Investors Service rated Rockland’s Tax Anticipation Notes (TANs) MIG 1, the highest short-term rating assigned by Moody’s to Notes. This is a first for Rockland County since its severe deficit position in 2011 and comes on the heels of its seventh consecutive bond rating increase in March. “This […]
The echoes of Legislator Alden Wolfe emphatically bellowing “Who says” the county hospital needs to break even are still ringing in the collective ears of Rocklanders and apparently those echoes were also picked up by the evaluators over at Moody’s Investors Service, who’ve gone ahead and downgraded Rockland’s credit rating from A1 to A3, only […]