S&P raises Westbury's bond rating to AA
A new performance arts center is scheduled to open in Westbury in the next several months. Credit: Kevin P. Coughlin
The Village of Westbury received an upgrade to its bond rating from Standard & Poor’s this month, going from AA- to AA, the village announced.
After officials’ presentation to S&P detailing village finances, the agency raised the bond rating to the highest the village has had so far, Mayor Peter I. Cavallaro said in a statement.
Village officials said the move is especially welcome, as the village is attempting to refinance about $2 million in bonds it holds to reduce the amount of interest it pays.
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Get ready for sun and fun with NewsdayTV's summer FunBook special! From celebrating America's 250th birthday to a new ride at Adventureland, NewsdayTV's Elisa DiStefano and Newsday lifestyle editor Meghan Giannotta have your inside look at Newsday's summer FunBook.
