Fitch upgrades NY bond rating on budget strength


Make text smaller Make text larger



Photos




ALBANY — Another rating agency has decided to upgrade the New York's bond rating.

Fitch Ratings said June 20 that it's raising the rating from AA to AA+ to reflect the state's overall economic strength as well as “sustainable budgeting practices" and budgets that have been approved on time.

Earlier this week, Moody's Investors Service upped the state's rating to Aa1, the highest level since before the financial crisis of the mid-1970s.

Gov. Andrew Cuomo called the June 20 announcement by Fitch “the cherry on the cake" and says the upgrade is a positive reflection on New York's economy and government finances.

Make text smaller Make text larger

Comments

Pool Rules



MUST READ NEWS

West Point Band announces winter concert series
WEST POINT — The...
Read more »
Image

Study finds no benefit in immediate surgery for ACL tears
By Jennifer Davis
Most amateur athletes who tear the ACL, or anterior cruciate ligaments, in their knees say that it starts with a pop, like the snapping of a rubber...

Read more »
Image

College Admissions Expert Elizabeth Levine: School Specific Supplemental Essays
I recently worked with a student on her college essays but she decided to complete and submit her Common App applications on her own. She and her Mom thought that all...
Read more »
Image

State to begin lifeguard tests in January
Qualifying procedures to become a lifeguard in New York State will begin on Jan. 20 and run through June 30.
The New York State Department of Environmental Conservation...

Read more »
Image

VIDEOS



E-NEWSLETTER

Sign up to get our newsletter emailed to you every week!

  • Enter your email address in the box below.
  • Select the newsletters you would like to subscribe to.
  • Click the 'SUBSCRIBE' button.

* indicates required
Community Newspapers


MOST READ

Local News
New oak wilt locations found
  • Dec 16, 2017
Where in clues
Where in Goshen?
  • Dec 14, 2017

MOST COMMENTED



Find more about Weather in Chester, NY