Westchester County Earns AAA Rating From S&P Global

Press release from the Westchester County Government:

Westchester County continues to demonstrate its strong fiscal management and economic stability, earning a AAA bond rating from S&P Global Ratings. This significant upgrade, according to S&P, reflects “the County's increased reserve position, supported by conservative budgeting and strong sales tax revenues in recent years.” Westchester County is the only county in New York State to receive a AAA bond rating from S&P Global Ratings.

Westchester County Executive Ken Jenkins said: “This is a testament to Westchester County’s thriving economy and sound financial management. Our strong ties to the New York City metro area, conservative budgeting practices, and forward-thinking strategies have positioned Westchester as a leader in economic performance.”

S&P highlighted several strengths that contributed to the rating:

Jenkins continued: “With robust reserves, no need for cash-flow borrowing, and manageable debt, we continue to build a brighter, more secure future for our residents. This is a moment of pride for all who call Westchester home."

The positive rating reaffirms the County’s strong position in the municipal bond market, enabling access to lower interest rates on borrowing, which supports projects such as road repairs, park enhancements and other critical improvements.

This press release was produced by the Westchester County Government. The views expressed here are the author’s own.