The Town of Huntington has received a AAA bond rating from Moody’s Investors Service.
Moody's upheld the Town of Huntington’s AAA rating on its $125 million in general obligation debt, following a review based on new methodology the ratings service established in January, according to the town.
“I am gratified that Moody’s continues to recognize, even under its more stringent criteria, that Huntington’s fiscal policies remain sound and that taxpayers and investors can continue to be confident in the Town’s financial health,” Supervisor Frank P. Petrone said, in a press release.
In reaffirming the rating, Moody’s cited the Town’s “solid financial position with currently healthy reserves,” “wealthy tax base” and “low debt burden with a manageable capital program.”
Moody’s...| read more ››