KBRA Assigns Long-Term Rating of AA- and Stable Outlook to County of Erie, New York General Obligation Bonds Series 2019 A&B
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
General Obligation Public Improvement Serial Bonds, Series 2019A
General Obligation Sewer District Serial Bonds, Series 2019B
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:
- Management Structure and Policies
- Debt and Additional Continuing Obligations
- Financial Performance and Liquidity Position
- Municipal Resource Base
To access the report, click here.
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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.
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KEYWORD: NEW YORK UNITED STATES NORTH AMERICA
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SOURCE: Kroll Bond Rating Agency
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PUB: 11/25/2019 06:03 PM/DISC: 11/25/2019 06:03 PM