Harrison Maintains Coveted AAA Rating From Moody's

HARRISON, NY — Moody’s has announced that Harrison has maintained a bond credit rating of AAA, the highest attainable rating.

Although Harrison enjoyed the top bond rating prior to the announcement, the triple A rating is a first under recently elected Mayor Richard Dionisio's administration .

"Harrison has a healthy financial position supported by conservative budgetary management, a sizeable and affluent tax base with ongoing commercial and residential development, a continued growth in reserve with strong budgetary flexibility, very strong liquidity levels, strong budgetary performance and a manageable debt burden with an average pension liability," according to the newly released report from Moody's. "The current outlook reflects the expectation of continued strong financial performance and stability in the local economy."

Dionisio credited employees, residents and business owners who helped add to Harrison’s stability and to its allure in attracting home buyers and businesses to Harrison, for the enviable fiscal achievement.