KINGSTON – Standard & Poors Global Rating report has maintained Ulster County’s AA overall credit rating.
The rating agency cited the county’s strong, financial management, budgetary performance, budgetary flexibility, liquidity, and debt and contingent liability position for the rating. It also noted the county’s economic growth.
S&P believes the county will maintain good budgetary practices, supporting its current level of very strong financial flexibility and liquidity profiles.
“S&P’s bond rating affirms the strong financial footing the county has in protecting and delivering results for taxpayers,” said County Executive Patrick Ryan. “As we approach next year’s budget process, I am committed to continue building and growing Ulster County’s economy and services, while also ensuring the highest level of fiscal responsibility.”
The rating agency also said the county’s ongoing improvement in its economic indicators and proximity to New York City will provide rating stability over the next few years.
