AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

KBRA Assigns Long-Term Rating of AA- and Stable Outlook to County of Erie, New York General Obligation Bonds Series 2019 A&B

November 25, 2019

NEW YORK--(BUSINESS WIRE)--Nov 25, 2019--

Kroll Bond Rating Agency (KBRA) assigns a long-term rating of AA- and stable outlook to the County of Erie, New York’s General Obligation Public Improvement Serial Bonds, Series 2019A and General Obligation Sewer District Serial Bonds, Series 2019B.

 

Issuer: County of Erie, New York

Assigned

Rating

Outlook

General Obligation Public Improvement Serial Bonds, Series 2019A

AA-

Stable

General Obligation Sewer District Serial Bonds, Series 2019B

AA-

Stable

 

The rating actions are based on KBRA’s U.S. Local Government GO Rating Methodology and an assessment of the following rating determinants identified therein:

To access the report, click here.

CONNECT WITH KBRA

Twitter
LinkedIn
YouTube

About KBRA and KBRA Europe

KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191125005848/en/

CONTACT: Analytical Contacts:Linda Vanderperre, Senior Director

(646) 731-2482

lvanderperre@kbra.comPatricia McGuigan, Senior Director

(646) 731-3350

pmcguigan@kbra.comPeter Scherer, Associate

(646) 731-2325

pscherer@kbra.comBusiness Development Contact:William Baneky, Managing Director

(646) 731-2409

bbaneky@kbra.comJames Kissane, Senior Director

(213) 806-0026

jkissane@kbra.com

KEYWORD: NEW YORK UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES INSURANCE FINANCE

SOURCE: Kroll Bond Rating Agency

Copyright Business Wire 2019.

PUB: 11/25/2019 06:03 PM/DISC: 11/25/2019 06:03 PM

http://www.businesswire.com/news/home/20191125005848/en