KBRA Releases Report for Erie County, NY General Obligation Bonds
11 Jul 2023 | New York
On July 10, 2023, KBRA upgraded the long-term rating on the County of Erie, NY's outstanding General Obligation Bonds rated by KBRA to AA. Concurrently, KBRA assigned the long-term rating of AA to the County of Erie, NY's General Obligation Public Improvement Serial Bonds, Series 2023A and General Obligation Sewer District Serial Bonds, Series 2023B. The Outlook is Stable.
The upgrade recognizes the County's strong governance structure, diversifying economy, resilient revenue performance, and manageable fixed cost burden. The strong financial management framework is evidenced by a long-term trend of balanced budgets and continued growth in General Fund unassigned balance.
To access rating and relevant documents, click here.
Click here to view the report.