Rating

Role Reversal in Rockland County?

May 10, 2012 Bond Rating

So right after Moody’s downgraded Rockland County’s rating (a lot), the Republican County Executive Scott Vanderhoef blamed the local Senator, Democrat Sen. David Carlucci because he would not support an increase in the sales tax: We regret that State Senator Carlucci was unwilling to fight for the financial stability of Rockland County by passing the […]

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Big Credit Downgrades Can Say Two Things, One About the Rated, One About the Rating Agency

May 10, 2012 County

Paul Greaves on Twitter on the Moody’s downgrade from A2 to Baa3 of Rockland County, NY: Fundamental problem with super downgrades like Rockland County – investors buy munis for capital preservation, diversity and stability. Greaves is right. But where do abrupt downgrades come from? Either something abruptly changed in financial condition of the organization being […]

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Fitch Credits Sale of Ulster County Nursing Home in Reaffirming County’s Bond Rating

March 20, 2012 Bond Rating

From the Mid-Hudson News Network: Fitch reaffirms Ulster County’s bond rating, cites ‘sound’ financial profile NEW YORK – Fitch Ratings Service supports the sale of the Golden Hill Health Care Center by Ulster County government. The revelation comes in the rating agency’s latest report on the county’s finances and its reaffirmation of the county’s AA- […]

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