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Bond ratings

S&P upgrades Suffolk County’s bond rating

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The credit rating agency S&P Global Ratings has upgraded Suffolk County’s bond rating from 'BBB+' to 'A-' with a positive outlook, Suffolk County Executive Steve Bellone announced yesterday. Both S&P and Moody's have revised the county's fiscal outlook to positive.

Moody’s upgrades Riverhead Town’s credit rating

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Riverhead Town’s credit rating has been upgraded by Moody’s Investors Service from Aa3 to Aa2. The town's rating was downgraded from Aa2 to Aa3 in 2015.

Moody’s leaves Riverhead Town’s credit rating unchanged for new bond issuance

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Moody’s Investors Service assigned an Aa3 rating to the town’s $5.6 million public improvement serial bonds and the refunding of $34.55 million in existing debt.

Moody’s: Riverhead bond rating unchanged, financial position is ‘solid’

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Riverhead Town is in a “solid financial position,” according to Moody’s Investors Service, which issued its annual comment on the Town of Riverhead’s fiscal outlook earlier this month. The town retained its Aa3 rating.
Traffic on Route 58 near Kroemer Avenue this past weekend. (Photo: Peter Blasl)

Riverhead Town’s credit rating is downgraded by Moody’s

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Moody's cites depleted reserve fund as lead factor in downgrade of Riverhead's bond rating from Aa2 to Aa3 and tax base growth on Route 58 and in downtown areas as factors in maintaining the Aa rating.
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