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Schenectady County officials accentuate the positive despite Moody’s warning

Agency keeps county’s double-A rating

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Continued reliance on reserve funds and the looming debt associated with the new Glendale Home are giving Schenectady County’s finances a negative outlook, according to Moody’s Investor Services. The bond credit rating agency issued the warning as the county prepares to sell nearly $3 million in bonds this week to support a number of capital projects. Moody’s, however, maintained the county’s bond rating at Aa1 — the second-highest ranking assigned by the agency. “The negative ...

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comments

safny
December 18, 2013
6:20 a.m.

[ Flag Post ]

That nursing home is a terrible idea - long term debt in a county with such a limited tax base is a killer. If Moody's devalues the bonds - this county will be in more trouble than it is now.

cheeseburger
December 18, 2013
7:07 p.m.

[ Flag Post ]

should have listened to jim buhrmaster instead of people like dr. gordon who have a financial stake in this.

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