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.
Sarra Sounds Off, Ep. 15: LI's top basketball players On the latest episode of "Sarra Sounds Off," Newsday's Gregg Sarra and Matt Lindsay take a look top boys and girls basketball players on Long Island.
Sarra Sounds Off, Ep. 15: LI's top basketball players On the latest episode of "Sarra Sounds Off," Newsday's Gregg Sarra and Matt Lindsay take a look top boys and girls basketball players on Long Island.
