MOUNT KISCO – Moody’s Investors Service has upgraded to Aa1 from Aa2 the Village/Town of Mount Kisco’s bond rating.
Moody’s has previously acknowledged the village’s position as the commercial and service center for the surrounding towns of Bedford and New Castle, and also recognized that Mount Kisco has the highest density in Westchester County.
Moody’s also notes that the village’s financial management is strong, as evidenced by consistently so0und reserves and a formal policy to maintain reserves above 25 percent, and long-term obligations, including debt, pension, and OPEB, remain manageable.
