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.
Out East Show: Westhampton Beach Brew & Grille, Hallockville Museum Farm Bees, North Fork Foodie Tour, Southampton Animal Shelter Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
Out East Show: Westhampton Beach Brew & Grille, Hallockville Museum Farm Bees, North Fork Foodie Tour, Southampton Animal Shelter Foundation NewsdayTV's Doug Geed is heading 'Out East' to showcase the ultimate local spots you need to explore.
