AA+ Westchester County Upgraded to Positive by Fitch Ratings.
Fitch Ratings has assigned 'AA+' ratings to bonds issued by Westchester County, and has upgraded the County’s Rating Outlook to Positive from Stable.
Westchester County Executive George Latimer said: “As stated by Fitch, the County’s outlook has been upgraded to ‘Positive’ from ‘Stable’ because of our improved financial operations. This is all done by good strategic planning and budgeting, we have increased the County’s unrestricted general fund balance, bolstering the County's overall financial resilience. We balanced the 2023 budget without ‘one-shots’ and budgetary gimmicks. This is a promise I made on the campaign trail, I will always do right by the people of this County. We have been able to increase our credit rating and cut taxes – again.”
The rating from S&P is expected this week, Moody's rating is expected by next week.
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