KINGSTON – Ulster County’s credit rating remains strong at AA in the most recent July ratings by S&P. The bond rating company cited “strong management, with good financial policies and practice.”
“As we continue to emerge from the pandemic, this rating allows us to continue to provide high-quality services for our residents while also ensuring the highest level of fiscal responsibility,” said County Executive Patrick Ryan.
S&P cited the county’s strong management with good financial policies, strong budgetary performance with operating surpluses in the general fund, and strong budgetary flexibility.”
Ryan said the county’s continued strength in the eyes of bond rating agencies is a direct benefit to taxpayers in the form of lower borrowing costs.
The report states that S&P Global Ratings believes the county will maintain good budgetary practices, supporting its current level of very strong financial flexibility and liquidity profiles.
