Westchester Reporter

Westchester County has maintained its AAA credit rating from Fitch Ratings, reflecting the county's solid financial health and management. This top rating underscores Westchester's dedication to prudent budgeting, strategic planning, and a diverse economy.

County Executive Ken Jenkins commented on the achievement: “Maintaining a AAA rating from Fitch is a significant accomplishment and a reflection of our commitment to fiscal responsibility. This rating not only demonstrates our financial stewardship but also ensures we can continue investing in programs and services. We are here to say you can do both – you can invest in the County’s financial health and serve the needs of residents.”

Fitch awarded this rating based on Westchester's "High" revenue control assessment, "Midrange" expenditure control assessment, and "High midrange" budgetary flexibility assessment. The county's long-term liabilities received a "Strongest" rating due to stable direct debt levels and expected resource base growth.

Additionally, Westchester County recently received a AAA bond rating from S&P Global Ratings. According to S&P, this upgrade reflects “the county's increased reserve position, supported by conservative budgeting and strong sales tax revenues in recent years.” Notably, Westchester is the only county in New York State with an AAA bond rating from S&P Global Ratings.