Westchester County loses top AAA rating after downgrade Despite its array of mansions and other areas of affluence, Westchester County, one of the richest suburbs in the country, saw its elite credit rating get cut by a pair of prominent ratings agencies, according to Bloomberg. Fitch Ratings and Standard & Poor’s Global Ratings both made the move after the county drew down on its cash reserves to cover raises retroactively given to government employees, the outlet reported. […]
source https://therealdeal.com/2018/11/28/westchester-fairfield-cheat-sheet-a-rich-county-gets-a-ratings-downgrade-city-square-plans-revealed-in-white-plains-more/
No comments:
Post a Comment