LIBERTY, N.Y. (February 27, 2018) – The Town of Liberty has received an A1 credit rating from Moody’s Investors Service, reaffirming the Town’s financial status with a stable outlook. The A1 rating is one of the top assessments, signifying stable financial backing and ample cash reserves with a very low risk of default for investors or policyholders.
The Town of Liberty credit overview included key factors such as a very healthy financial position, a negligible debt burden and a mid-ranged pension liability. It also reflects an adequate wealth and income profile and a small tax base. The town has a robust financial position, which is very strong relative to the assigned A1 rating.
“We are pleased that the Moody Investors Service recognized our financial practices,” said Liberty Town Supervisor Brian Rourke. “The rating validates the Town of Liberty’s financial practices, including strong fiscal and management decisions. I commend all those involved including the Town Board and the Finance Department for their continued commitment to sound fiscal policies.”
Moody’s financial ratings are used by banks and others in the financial services industry to determine the financial health of a given organization.
About Liberty, N.Y.
Located at the crossroads of the Catskill Mountains and Hudson Valley region, Liberty is just 90 minutes from New York City. Known for its top notch trails and parks, Liberty is an ideal weekend getaway. Nationally recognized for its award winning school district, those who visit choose to stay. And with its business-friendly climate and strategic location, Liberty is an ideal place to do business. Liberty, New York: live here, play here and do business here!