NEW YORK–(BUSINESS WIRE)–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.
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Issuer: County of Erie, New York |
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Assigned |
Rating |
Outlook |
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General Obligation Public Improvement Serial Bonds, Series 2019A |
AA- |
Stable |
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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:
- Management Structure and Policies
- Debt and Additional Continuing Obligations
- Financial Performance and Liquidity Position
- Municipal Resource Base
A detailed report will follow shortly.
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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.
Contacts
Analytical Contacts:
Linda Vanderperre, Senior Director
(646) 731-2482
[email protected]
Patricia McGuigan, Senior Director
(646) 731-3350
[email protected]
Peter Scherer, Associate
(646) 731-2325
[email protected]
Business Development Contact:
William Baneky, Managing Director
(646) 731-2409
[email protected]
James Kissane, Senior Director
(213) 806-0026
[email protected]
