Tuesday, September 06, 2016
(Monticello, NY) - Nancy Buck, Treasurer is pleased to announce that S&P Global Ratings assigned its “AA” rating and stable outlook to Sullivan County. S&P considers Sullivan County with Adequate economy, Strong management, Adequate budgetary performance, Strong budgetary flexibility, Very strong liquidity and Strong institutional framework.
S&P affirmed the AA/Stable rate for the county’s upcoming bond sale for the jail that is due to take place later this month.
S&P in an Upside scenario wrote “Due to all economic developments, if market value per capita were to increase, coupled with increases in project per capita effective buying income, resulting in a higher economic score, we could raise the rating, If available reserves were to grow to a level we consider very strong, we could also raise the rating”.
This is positive news for Sullivan County, and should result in a great bond sale!