Neighbor News
Greenburgh triple A bond rating from S & P & Moody's- top rating
#moody's #Standard & Poor's #Greenburgh
I am very pleased to report that both Moody's and Standard & Poor's has awarded the town of Greenburgh their highest bond rating possible: Aaa for Moody's and AAA for S & P. Moody's, which has increased our bond rating three times during my tenure highlighted our ample financial position, strong fiscal management, low debt profile, manageable pension liability and consistently balanced operation in their report. S & P highlighted our strong management with good financial policies, strong budgetary performance, very strong budgetary flexibility and pointed out that Greenburgh's economy is very strong.
A copy of both reports will be sent to anyone who would like to review the documents. E mail me at pfeiner@greenburghny.com. Both of these independent reviews should provide your association members with info on our financial health and the challenges we face during the coming year.
I have been told that the triple A bond rating saves the town in the neighborhood of $200,000 a year in reduced borrowing costs. I was also previously advised that only about 1% of government entities in the nation have been awarded the highest bond rating by both credit agencies.
