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Hempstead Town retains Moody’s top rating
Moody’s Investors Service has reaffirmed Hempstead Town’s bond rating at the highest level.
Moody’s issued Hempstead a rating of Aaa, the highest available of 10 investment-grade ratings. The agency, one of the “Big Three” credit agencies, made the announcement on Monday.
The rating will affect interest rates paid by the town when it borrows money.
Moody’s rating “reflects the...