Home > News
Moody's Reaffirms North Hempstead’s Strong Fiscal Outlook

March 21, 2014
MEDIA CONTACTS: Ryan Mulholland, Sam Marksheid, and Rebecca Cheng | (516) 869-7794

Moody's Reaffirms North Hempstead’s Strong Fiscal Outlook
Town Maintains Highest Bond Rating in its History

North Hempstead, NY – North Hempstead Town Supervisor Judi Bosworth announced today that the Wall Street bond rating agency Moody's reaffirmed the Town's strong fiscal outlook for 2014 by retaining the Town’s Aa1 rating, which continues to be the highest bond rating in the Town’s history.

In a release issued earlier this week, Moody's spoke of the Town’s “strong fiscal management marked by conservative budgeting and maintenance of solid reserve levels.” In addition, Moody's believes that the Town’s "conservative fiscal management practices will support healthy operating performance.”

Town Supervisor Bosworth said of the announcement, "This endorsement from Moody’s is evidence of the Town’s commitment to sound financial practices and stringent fiscal controls.”

She went on to say, "This bond rating means that we will retain our low interest costs on borrowing, while receiving the seal of approval that North Hempstead has a solid economic foundation and a strong fiscal future.”

Town Supervisor Judi Bosworth
View Archives