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Moody’s boosts East Hampton bond rating, cites tax base

Moody?s Investors Service upgraded East Hampton Village?s bond

(Credit: Erin Geismar)

Moody’s Investors Service on June 3, 2014, said it has upgraded East Hampton Village’s bond rating to Aa1, the second-highest rating, citing “the village’s sizable, very affluent tax base.”

The village’s previous rating was Aa2. Moody’s said the upgrade will affect $8.45 million in debt. The village said the rating will save it about $225,000.

East Hampton Village ended 2013 with a $1...

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