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STANDARD & POORS© AFFIRMS AA RATING FOR TOWN OF RED HOOK
Standard & Poors Global Ratings is affirming its upgraded (2016) AA rating on Red Hook, New York’s general obligation (GO) debt with a stable outlook.
In its report, Standard & Poors cites:
“The rating action reflects our view of the Town’s strong management with good financial policies and practices” under our Financial Management Assessment - S & P Global Report 5/29/19.
This very positive report is a reflection of all the good work by volunteers and employees over the years. It is particularly noteworthy that we’ve managed to strengthen the Town’s finances over the last few years while avoiding any increases to the tax rate.
To read the full report, go to www.redhook.org and click on the Standard and Poors link,