Rockland Receives BBB+ Credit Rating

Legislators are hailing Rockland County’s latest credit rating boost as confirmation that the many steps they have taken to improve county government’s fiscal condition are continuing to pay off. S&P Global Rating’s, one of the major credit rating agencies, on Friday boosted Rockland County’s rating from BBB to BBB-plus with a positive outlook, just three grades below the company’s top AAA rating. According to Rockland County Executive Ed Day, the upgrade means that the county will be able to borrow necessary funds at a lower interest rate, which will save taxpayers money. According to S&P analyst Timothy Little, “The higher rating reflects increased reserves following a 2014 deficit financing bond issuance.” Legislators set aside $5 million to help pay down a portion of the remaining deficit in the 2015 county budget. The deficit is now down to approximately $16 million. Legislature Chairman Alden H. Wolfe said, “Every time our rating improves, we see the fruits of our hard work in returning the county’s credit rating to the highest level.”

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Snow Closings Updated Regularly

Please click on the image below to view all snow closings for Rockland County.