NEW HYDE PARK
.......in the news ..........
FOR IMMEDIATE RELEASE:
S & P Upgrades Rating for the Village of New Hyde Park
New Hyde Park, NY – April 14, 2014 – Standard & Poor’s Rating Services has upgrade the Village’s General Obligation Rating from AA to AA+ while affirming the stable outlook.
S & P stated "the rating reflects our assessment of the Village’s strong budgetary flexibility, strong budgetary performance, very strong liquidity, very strong debt and contingent liability, and strong institutional framework."
"The Village Board along with our Treasury staff work very hard to ensure our finances are very well managed to provide our resident’s and taxpayers a level of comfort that the administrators of their taxes are managing their funds effectively”, said Mayor Robert Lofaro
A double A rating is defined by S&P as having a very strong capacity to meet financial commitments.
1420 Jericho Turnpike
New Hyde Park, NY 11040
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