North Hempstead Receives Highest Bond Rating

The Town of North Hempstead announced it has received the highest rating—an Aaa— from the independent Wall Street bond rating agency Moody's Investors Service for the fourth year in a row.

According to the town, Moody's assigned the rating to the Town’s $19.3 million Public Improvement Serial Bonds – 2019 Series A. The bonds will provide new money financing for various capital projects throughout the town.

Moody’s stated: “The stable outlook reflects the Town’s conservative fiscal management practices, which will support healthy operating performance and maintenance of a strong financial position.”

“I am extremely pleased to see the Town’s fiscally conservative practices and management of the Town’s budget be recognized, once again, by Moody’s Investors Service with a Aaa rating,” Supervisor Judi Bosworth said. “The Town’s Aaa rating will continue to translate into savings for our hard-working taxpayers.”

“This fourth consecutive affirmation of our Aaa rating by Moody’s reflects the hard work by this administration and its finance team to keep the Town on a solid financial footing,” Town Comptroller Tania Orenstein said.