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Standard & Poor increases Herkimer County's rating

By WKTV News

(WKTV) - Herkimer County's Standard & Poor rating was raised two notches recently, from AA to A+, according to Herkimer County Legislature Vincent J. Bono.

The rating increase comes in addition to an upgrade the county received earlier in 2013 from Moody's.

"The rating reflects Standard & Poor's belief that the county's budgetary performance is solid," Patrick Russell, chairman of the ways and means committee said. "We have strong liquidity, strong management conditions and our debt and contingent liability profile is very strong."

 

 

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