NEW CITY – Fitch Ratings has upgraded Rockland County’s bond rating from AA+ to AAA, the highest grade from Fitch.
This highest rating enables the county to secure the lowest possible interest rates when borrowing, thus saving taxpayer money.
“When I took office, I made a commitment to restore Rockland County’s financial stability, and through disciplined budgeting, responsible fiscal management, and a steadfast commitment to taxpayers, we’ve done exactly that,” said County Executive Ed Day.
The Fitch report says the AAA ratings reflect improved financial performance, supported by stronger unrestricted reserves and improved demographic and economic metrics.
“This upgrade is the result of prudent financial planning and conservative budgeting practices,” said County Finance Commissioner Stephen DeGroat.
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