NIAGARA COUNTY
Bond rating still strong, according to Moody’s
December 16, 2008, 6:35 AM /
LOCKPORT — Moody’s Investors Service is holding Niagara County’s credit rating steady as the county prepares to borrow $3.46 million in the Wall Street bond market.
The county announced Monday that Moody’s has given the county’s new bonds an A2 rating, the same rating the firm posted when the county borrowed $4.7 million for capital projects in November 2007. At the time, it was the county’s third upgrade in 18 months.
Last month, the County Legislature approved $3.46 million in borrowing to repair two bridges in Royalton, pave part of Beebe Road in Wilson, make repairs at the County Jail and buy two dump trucks and new computer software for financial and payroll purposes.
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